@Shawn Mcenteer is right on as a lot of Northern NJ value is tied to the proximity to NYC.Buying a multi in NJ as a first-timer is way harder than most think.

tie up 5 mil stock portfolio and pull out 2.5 mil at 2%  thats what I saw them doing then we would lend that money out at 15% or better.. nice delta..

However, you can mitigate this by using a trust or holding company to add a layer of privacy, where the LLC is not directly tied to your name.Attorney can help you better.

This is what I could see that would keep me here in RI.I should also mention that while I live in Rhode Island, I’m not necessarily tied to the state.

So if you're in FL I'd go with SC or NC especially if you have close ties or family there.Have you ruled out house hacking in Miami? 

Lastly, your bookkeeper should be doing this anyway to ensure depreciation reported on your books ties to the tax return.

Here is our current dilemma that I'm hoping someone could provide some insight to: - We both have the funds to purchase the home with cash, but those funds are tied up in CD's until March, so we will need to apply for a loan in the meantime.

They won't do this to the next person, and I know I can come correct and move stronger. 

I applaud you for being willing to give up on some confort for getting into a stronger financial position and to be able to reach your long term goals. 

Having family ties to a certain area is always nice too.