If Florida recognizes Transfer On Death dees (TODs) subject A could fill one out naming subject B to avoid having to go through probate.

Avoids FHA’s mortgage insurance.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

However, apparently the deeds need to contain the relevant exemption code in order to avoid the tax.

We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.

No I'm keeping it in cash and avoiding debt right now, but thank you! 

Maybe you're feeling a bit behind and avoiding the mess of bookkeeping that piled up. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

For beginners, I’d love to hear about the hurdles you’re currently facing and any advice from seasoned investors on how to avoid those common pitfalls.Looking forward to your stories and tips!

I am particularly interested in learning about finding good deals, budgeting for renovations, and avoiding common pitfalls. if anyone has any advice, recommended resources, or personal experiences to share, I'd really appreciate it!