In my opinion, it is better to choose an area with a path to progress. 

At that point, it's worth researching and finding a solution that better meets your needs.

I have other assets in Canada but I looking at bringing everything here when the exchange rate is better.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I plan to move down to Miami to be closer to more investors and a better quality of living.

I suggest you buy fewer but better properties for better cash flow and appreciation. 

Depending on your exact situation, you could likely get something closer to 7% and make these numbers work a little better.  

I would find a loan officer that does both conventional and FHA renovation loans to compare which has better rates and terms for your situation.

My overall goal is to generate monthly cash flow, and my current property might be a better rental option since it has equity.I’m also considering starting a business and purchasing the next property in the business’s name.

Are there other options that could be better for a construction to perm loan (not through a traditional bank)???