In my world of monthly furnished corporate housing rentals these are some things to think about:Top 4 things to consider when deciding if your rental is best as a corporate housing rental or traditional unfurnished rental.While corporate housing can be quite lucrative and make your property stand out in a sea of available rentals, it’s not the right strategy for everyone.

I was born and raised here too and chose to stick to my roots and work/invest here as well, good choice!

About a month later he refinanced traditionally with a bank and got himself a conventional loan.

If you do, then you can choose whatever you like the best.If you don't have a C wire, then your choices are very limited. 

Brew City FB Group is a great source for contractors.BTW here is a good story: the choice of lender matters more than most people think and not for the interest rate.

@Michael Ablan may the gods favor the choice of appraiser :)  

Ecuador is currently one of my top choices so If you could get back to me at your earliest convenience on the mortgage question that would be great! 

@Dimitri PaspalarisWithout providing advice on your fund choices, I would say the idea of allocating different portions of your discretionary income in a diversified manner is a great idea.The same way you would diversify a market investment portfolio or diversify a real estate investment portfolio, I always recommend people diversify their “wealth portfolio”.Wishing you all the best in achieving your financial goals!

That looks like 2 separate SFRs on the same lot to me, but i had a little trouble opening a couple of the photos.You should make sure that its zoned and permitted appropriately.It wouldn't be considered multifamily in my area, I believe.Your lender would have final say on the financing choices I'd think. 

I never dealt in Miami, but if Supreme Lending has an office near you, that would be a good place to start, we used them in Palm Beach county.A couple of observations though:STR’s in Miami Beach are Highly regulated, permits required, Most condo associations do Not allow them and the ones that qualify for str’s are highly priced.You are going to need at least 25% down, along with closing costs and any rehab money will most likely be out of pocket for an investment property.Many of the condos that you can do this with will be in buildings where the unit does Not qualify for traditional conventional loans, due the higher percentage of rental units verses the number of owner occupied.