I would imagine all would pursue different career paths if they knew the chips were stacked so greatly against them.

Imagine giving me $20k and I give you $1,000/year back and in 10 years it “paid for itself”   You don’t use it for an investment  you use it to punish oil producing countries that hate us or to show your neighbors you’re better than them  :-)  Usually it’s a horrible plan for rentals because you either have to charge higher rent and include the electricity or charge a flat rate discouraging them from saving power.

We're finally seeing some of the incomplete developments being back-filled, yet dilapidated suburbs and subdivisions are found in areas where economic development slowed and later stopped leaving job loss and abandoned homes in its wake.

You can 100% refinance into a DSCR loan and close/vest in your LLC, however, I would imagine the rate is likely worse than what you have now with the conventional loan which would impact your monthly cashflow.

Mindset is key and just know that this is a business and you would be actively seeking clients and every day you wake up your working for the paycheck you receive in 30-60 days.

I'm imagining a lot of competition at the higher end valued properties and almost none on the lower end.  

There are many particularities to this, and I don't know anything about your business so I can't be much more specific, but what I can say is that more often than not businesses will find they have a narrower, more fertile niche than they imagine once they actually examine the who, the what and the why of the deals they close. 

Anyway I can only imagine this market will burst once rates drop as we've appreciated 10% YoY on "higher" interest rate environment.My 2 cents on your acquisition: Miami and Broward have many upcoming developments and it helps to know where they are being developed, as we all know, location is #1 and it helps being in the path of progression and gentrification. 

I dont know what he is doing that is worth $30k, but i cant imagine its worth that.

Also, I can imagine 7 x 1200 sqft homes sitting on one lot that is less than 1/2 acre.