If the tenant identifies an area of moisture that may be causing growth we immediately address the source of the moisture, replace and damage building material (usually dry wall) and or use mold cleaning solutions/mold blocking primers as required. good luck

The AAPL issuance was a good start but BP can do better and has a better platform for this I was first introduced to HML term in the mid 70s and not sure how many decade before the term was coined.. but its been that way to me for 50 plus years :)

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Any tips on finding good property management? 

If you can cover your PITI in CA you found a good deal.

My wife and I have found a potential BRRR property in the Pensacola, FL market and would really appreciate insight from the group here on if these numbers look reasonable and if it overall looks like a good idea.

Good afternoon everyone, I currently have new construction coming up where I am sourcing construction loan quotes from multiple lenders.

Knowing that you'll have a good amount of eyes on the property at your ARV of $3.5M, I think you would be able to get it sold in a decent amount of time and save some holding costs. 

@D Kirk, I am all for saving money when you can get comparable quality work done for cheaper.  

It provides housing when we have limited supply, it's a good way to find tenants and make friends, and it produces a great ROI (if managed correctly) because the rental income is generally higher.