@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.

the insurance companies are not charities; they deserve to make reasonable profit for providing the insurance.  

I could have gotten to profitability in a fraction of the time without those unnecessary expenses. 

You might be able make your own listing & keep profit while the owner has the license.

I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.

I suppose I have it in my mind that I'm only able to get a LOC after I've appreciated the property, let it season, and then pursue an appraisal/refi.

I didn't pursue trying to obtain funding to close on the property. 

If this property won't cash flow as a long term rental, you might want to sell and 1031 exchange into a more profitable property.

As a broker in a wholesale market, I "buy" a loan from a lender at a discount and mark it up for my profit.

Quote from @Kody Smith: I am New-ish to Bigger Pockets, and would love to connect with the community here.The idea: move from single family homes into commercial real estate... specifically multi family.The Goal: generate $20k/mo in cash flowI'm currently in silicon valley (san jose)... would love to find something profitable here, but it looks like there are better opportunities elsewhere.I am open to investing in markets across the US.