Build a local team for cleaning and repairs to streamline operations.

I operate from Pensacola to Destin to PCB.

HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."

Lastly, network with local investors and continue learning to refine your strategies.Good luck!

The second company had a PM contract and due to other reasons we did not continue their services after a couple of months so tax stuff did not arise.

Kicker is I don't have to sell, I would simply be happy with not renting anymore and continuing to build equity.2-Correct purchase and renovate a 3-5 unit building.

In the state of Florida, you should have two bank accounts, operating and escrow. 

You can certainly own multiple assets in the same LLC, but I would be careful about operating a business and owning other real estate or investments in that LLC.

As long as the husband continues to pay rent for a couple more months, I will let the ex off the lease. 

Cheers.Technically any bank can operate as an IRA custodian but they don’t all do it.