The most important ingredient in real estate is TIME. 

I recommend you include some of your key qualification criteria in the advertisement.

It's important to narrow down on the locations and conditions of properties you're looking to buy so you can align your numbers with those expectations.

#2...not the zoning, although that can be important too, but the actual property code in the Florida statutes about tax liens and the process. 

Purchase price: $241,000 Cash invested: $20,000 Turn-key investment property, with some Capex work including updated roof and lite plumbing fixes.

Purchase price: $241,000 Cash invested: $20,000 Turn-key investment property, with some Capex work including updated roof and lite plumbing fixes.

Yup D.D. is important.

Since buyers will be putting so much consideration into the kitchen, installing new cabinets, countertops, and a nice backsplash is vitally important!

Hello AllI have a opportunity to purchase a 3 unit rental property. how should I structure the offer and what should be required in it.Does the seller provide a fee and clear Title with Title insurance, should the seller be required to evict the tenants before I purchase, what verifications or contingencies should i include. etc......ThanksJeff

This is not including any financing costs and closing cost which can easily bump that number to 23k.