The purchase contract makes the buyer legally responsible for the loan. 

Recently purchased a new property with an upstairs attic studio.

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

I frequently hear that someone purchased a new property because their real estate agent told them they could get X amount for rent, when in fact, the market comps don't support that amount.

Did you purchase this property all cash? 

You mentioned you haven't purchased an investment property before or been involved with seller financing transactions.

Also, important to confirm they will be warrantable condos for end buyers otherwise it will be very difficult for end buyers to secure financing and thus purchase the units. 

Hello, anybody looking to purchase any investment properties for All cash in Polk county, FL and/or Pinellas county, FL?

This allows you to purchase a place at 5% down and renovate as you need to.

(IF you purchased and lived in property asap, then rented it out, then returned to it it sell it years later - better plan.