I did my research and requote what would benefit both me and the investor, below is the Finalized CORRECT format of the proposal:Listed price on the property: 459,900MAXIMUM amout of money down on the property: $380,000Method of Payment: CASH OFFER from Investor.

Also make sure you protect yourself with the correct contract documents. https://www.myfloridalicense.com/wl11.asp

Most who get tripped up are those buying the smaller multi-families that don't possess the correct use permit/historical rental license activity. 

As far as I know, your assumptions about the tax implications are correct for non residents, it was one of the main factors that stopped the idea of investing in Spain for me.

With this in mind, if you intend to leverage short-term debt (hard money), it's even more vital that your underwriting is thorough and that you have the correct systems in place to tackle potential issues.

You also get peace of mind knowing it's done correctly, that you're not missing any deductions and that you won't get audited.Good luck. 

I do hope that attorney on this forum will chime in and correct my unreliable layman's interpretation.

Keep telling me a sob story about her paycheck getting sent to the previous address ( that was 18 days now, not corrected ).- still did not receive the check from the NJ Victims of Crimes office.At this point, I want to file for eviction at the end of the month if she delays the event by 1 day to pay her entire rent ( January and February).My question to you professional is, should I inform her of that decision in advance?

You are correct; it would be awkward having two different parties staying on the property. 

Asking in the correct forum will get a better response.Read the RULES!