I am looking for Miami real estate investors with me to partner in either a debt or equity structured arrangement that will be beneficial to both parties.

I would check to see if all utilities are in good standing or at risk of disconnect.

Price it based on the net income it produces.The hard part is figuring what that number is.

Obviously, dealing with a direct lender eliminates the "miscommunications" possible in dealing with a third party intermediary.

An LLC doesn't necessarily have to entail 1 party putting in the money, the other party doing the work, and splitting 50-50 or 25-75. 

Depending on your risk tolerance and skill level you may chose to:- Not cash out refinance as much to leave more cash flow or margin of error so your property still cash flows with enough to cover during rainy day (med risk - med leverage) ,- Refinance just enough to payoff the prior investor (least risk/lower leverage)- Or cash out as much as you can till the point your monthly cash flow is lower or near break even (max risk/max leverage), but ideally you bought so low that even if you get out the most allowable by conventional guidelines you'll still be cash flow positive each monthThe good part is the leverage were discussing is a 30 year fixed (if using agency financing) and predictable so you can focus on other variables.Good Luck~

@Peter Lambert a few things to sort out.First, did your rental criteria state that anyone over the age of 18 must submit an application and be a party to the lease?

Fabulous holiday party!

Will be cheaper for tenants not to have to pay the service charge for low use from a gas range.Never have a range with at standing pilot.

The only part I have a disagreement with is whether or not a residence should be considered an investment.