If you are working with a reputable company, then you buy the property, hold the property and look up 7-10 years down the road and have a home that has increased in value and a debt that has been reduced by your renter.   

Now, I will suggest the following:Create a financial plan that includes the following:One year goal: reduce your expenses, including credit cards.

The plan aims to reduce living costs, gain landlord experience, and move closer to long-term financial goals.Good luck!

Opportunity Zones can be a great way to defer or reduce the tax liability created through the sale of cryptocurrency.

There's a sucker born every minute.The best way to build wealth is to increase earnings, reduce expenses, save, and invest wisely.

Here’s what I recommend:Cash Investments:No Debt, No Stress: With cash, you avoid third-party control and loan vetting, giving you full control of returns.Equity Builders: Partnering with builders often reduces your property entry cost by up to 20% below market value.Consistent 10% Returns: With an all-cash approach, achieving 10% ROI is realistic and efficient.Financing Strategy:If cash isn’t feasible, consider a balanced financing model:40-50% Down Payment: Keep leverage manageable while maximizing returns.Lower Debt Exposure: A conservative loan-to-value ratio (LTV) reduces risks and keeps returns stable.Work with a Builder: Collaboration with builders can lower acquisition costs and increase your ROI.Key Takeaways:If possible, prioritize cash for simplicity, control, and consistent returns.Financing can work well with a disciplined approach to debt and a strong underwriting process.Partnering with builders offers opportunities to reduce costs and enhance your portfolio’s profitability. 

The other problem with elevating an older home, although it helps reduce the risk from future flooding, it doesn't address bringing the rest of the home to current Florida standards.

You can reduce size, if you go deeper, but that only works if you have steep sites or are willing to add a pump system to the outlet. 

The right connections can help manage the rehab side and reduce some risk, especially if time is tight with a demanding job and young kids.For the single-family route, consider markets that have potential for both appreciation and cash flow, so you’re building equity over time even if it's a slower route to property number two.

This attracts a higher-quality renter, ensures funds are available to maintain the home, and reduces the risk of major losses.