One of my biggest concerns is when placing a bid on a property, how would you make sure it’s free and clear from any other liens or restrictions, besides them not paying their taxes.

And, the costs you're referencing may be Florida's Documentary and Intangible Taxes:"“Documentary stamp tax is an excise tax imposed on certain documents executed, delivered, or recorded in Florida. 

@Amy W.While I find late tenants annoying, I do like the $40 late fee I impose and they pay.

@Aaron T.It is possible to co invest with your spouse's IRA/401K into a single LLC but in most cases this would not be a good idea as it will create many restrictions and may cause prohibited transaction, now or down the road. 

Unfortunately my parents divorced when I was young and work restricted time with my dad to every other weekend only.

There is an FHA case # thats issued and linked to the property.Can use 75% of the projected rental income to qualify as income, but it may not be enough if you are reporting losses.A coborrower would also need to reside in the property as your max LTV is restricted to 75% if using a non occupying coborrower for a multi unit FHA loan.I can take a look at your file  if you need another set of eyes to review.

If so, and you're only going to be purchasing one property at a time, that restriction is really going to hurt your speed of growth.

South Lake just passed a bill that heavily restricts short term rentals, very limited new permits and most existing are getting shut out in 2021(if the bill doesn't get overturned).I met a guy playing poker the other night that told me that he owns 10 short term rentals spread out around the country, works a full time job and self manages.

Do you know if there any way to get a 30 year payoff on something like that, or would I be restricted to the 5-7yr commercial loan requirements? 

The Springs just put regulations with licensing in place and there are some on the city council who would love to restrict or eliminate STR's.