In conclusion, I think flips can be done but Miami is absolutely not the best market for it.

TENANT(S) must deliver storage unit free and clear of all personal belongings to LANDLORD in broom swept condition at the conclusion of tenancy.

Water if funny that way.Good to get a handyman helper and try to figure out the source before you jump to conclusions.  

I had come to the same conclusion you have, but it's nice to get verification. 

Take the prequalification process to its logical conclusion and you're qualified, but the lender doesn't like the property for some reason.  

@George AndradeMethinks you jumped to the conclusion too fast.Problem: you need a loan for a new business.

It might take a new investor 3 to 4 months of grinding to come to the same conclusion I already know so I will not waste time with them.

However, an investor friend of mine said a 2nd mortgage would be a better play, because you could utilize more equity (call it 90% LTV) and purchase multiple properties and continue to just keep that 2nd mortgage, because half of your monthly payments will be going to principal, so carrying a balance isn’t a huge negative vs with the HELOC the payments are 100% interest, so you’d want to get the balance back to zero asap.Thoughts or advice on what to consider with these options and how to come to a solid conclusion?

Please update us when the fat lady's sung so we can learn all about the thrilling conclusion of this story.

Getting A deal due to a list does not equal successful.So again.. what was the reason you arrived to the conclusion to do lists?