I do not see any project to be done on the same city twice or 3 times in a year, if I were to charge it as part of "cost of doing business", my price would be higher as I would anticipate more and cover everything that "can happen", I would rather have it as at cost than that of adding it to price.

Hello,If I purchase a rental property in Miami this year and close under my name initially, and then transfer the title to a LLC the same year, do I need to anticipate TWO times the property tax hike for next year?

What are some next steps or things to anticipate that I might not see coming?

Also some of my contractors did not want to bid due to parking challenges of mission beach.It came out fairly nice, but the cost was crazy and I personally did way more construction work than anticipated due to getting $crewed by 2 separate handymen.   

Depending on how many you anticipate buying and how quickly may provide insight into whether or not you want the added hassle of finding loans with an LLC.

Though it is a negative cashflow move in the short term, I fully anticipate rental rates to catch up to the expenses in about 3-4 years and break even monthly.

Additionally, determine the anticipated after-repair value (ARV) of the property.

How much do you anticipate spending for renovation, and can this money come from the NOI or will you need to spend it out of pocket immediately after acquisition?

Compare that to low cap expenses of a new build and any higher rent rate associated with the new build as well as any anticipated higher appreciation and run your numbers over a 5-10 year period.New construction may cost more upfront but may make more sense with an extended timeline.

I'll personally benefit if it is for the current year (anticipated increase in income), or is the benefit to be realized only for the actual year it was placed in service?