First, most investors and owners of real estate related businesses are in one or more of the following situations1- they’re unable to duplicate their expertise that drives the ROI and they are at their personal max capacity as to time2- they’re obtaining high ROI by use of excessive leverage 3 - they’re obtaining high ROI by taking excessive risk4- they hit correct timing in the correct market, and this is not necessarily repeatable with any probabilityIn order for an investment or business to scale, we need the ROI (on a risk adjusted basis) to be sufficient to cover a PREMIUM risk adjusted return to passive investors; all expenses of managing the assets and the business, and a significant return to the “sponsor” providing compensation to him making the work, risk and time worth while. 

My markup is always lower than the original lender's because I don't spend money advertising during the Super Bowl, my president doesn't have a corporate jet, and we don't have layers of management we need to pay.

Expenses at the property were were getting out of hand, and needed to be corrected.

(example - STR on the back end to increase cash flow)To me, forced apperception (BRRRR or buying at a discount) is a hedge against market corrections.

Do it right, hire the right people, and make sure you have all of your permits correctly pulled.

She specalizes in corporate rentals.

My attorney that handles SEC registration told me something along the lines of $1.5-2M as a minimum if I remember correctly.

Getting the federal return correct is the most important and with owning two properties, there could be some positive tax benefits.

Best of luck.Nick,Todd is correct and I would take him up on his offer I am just North of Cape Coral where he is at and its another Hot market. 

Your local agent did not do you any favors unless he described the property as Jordan correctly did above.