My broker is sales oriented, which translates into high monthly fee.

I wanted to see why some investors indiscriminately shoot for 2% or 1% and how that translates to cash flow for a given property price.

That translates into about 100-120 front doors.  

That translate to you will have to pay the mortgage, insurance and utilities out of your own pocket which eventually affect the COC performance of the investment. 

Let me translate that statement.

My general contractor says I don't need permits because these are minor alterations..and he's never pulled permits for these things..can anyone give any feedback?  

That can often translate into less damage and fewer hassles collecting rent.

@Marielle Walter, if you do not speak Italian or have relatives that can translate on your behalf - it will be a very expensive process.

Although I cannot speak to Florida law, I can talk about Virginia, and how those rules may translate to  your jurisdiction.

It's not a bad thing to have zero taxation within an account.Once non-retirement assets are built-up enough to invest in real estate, taking depreciation becomes an option and that might alter the strategy.