Gutted the kitchen and dining/living room area.

I am a wholesaler, I live in Memphis but do most of my work in Nashville as a primary market and Texas, Oklahoma, Kansas, Arizona and anywhere else I can find a deal from networking for multifamily and land.

These units are perfect for owner occupants, and they are perfect for related living as you have described.

A good way into it may be doing a house hack or live and flip then pulling the equity out in a refinance.Tons of ways to make money in this game!

I plan to move down to Miami to be closer to more investors and a better quality of living.

Hey DenisI have commented a lot about arbitrage in a general sense here, however I believe I am uniquely qualified to answer here as I live and operate about 65 units in this specific market.In 2016 I got my STR start arbitraging a Gulf Front mansion that was in foreclosure and I got a great deal on. 

I am currently living out of state so I have hired a property management company to handle this task, however, my home is still sitting vacant with very few prospective tenants.

2) If you do owner-occupied cashout refi for best rate, you technically have to live in the home for 12 months before renting it out. * Some responders here may suggest not worrying about that and renting it out anyways.

You can gauge this risk by checking state average homeowners insurance rates.Few people live in cities that meet all the above requirements.

The lighting is a little dark in the picture but this will be a lovely/bright kitchen and living room for our next resident.