I'm based in cape coral and have majority of my portfolio here... you are right on cashflow and I will add appreciation and population trend is planned to be increased due to this city is one of the cities used as an outlet of miami, Orlando and Tampa since they are too expensive... happy to chat whenever you want.

You want to develop a plan for how to handle that in advance.In our book, payment history & longevity play a “first factor” in how we respond.  

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

The mortgage remains in the seller’s name, but the buyer gains ownership of the property and makes the payments.Risk: This can trigger the Due on Sale Clause, so it’s essential to understand the risks and have a plan in place if the lender calls the loan due.Wraparound Mortgage (All-Inclusive Trust Deed - AITD):Definition: A wraparound mortgage involves creating a new mortgage that "wraps around" the existing one.

I live in New York City and I am selling an investment property in California, a single family house, and I am planning on using 1031 to buy investment property in New York City.

We have a condo that we plan to keep as a rental and start building a portfolio.

We plan on making this our primary residence. 

The appraisal will kill the deal if you plan on refinance with a DSCR/commercial lender.Want to sell?

@Jerry SanfordCongratulations on planning to buy your first home at such a young age!

Unless you plan to pair it with a construction division or can build out a brokerage and the property management is utilized to bring in and/or retain business, it's not a great business to be in if you plan to manage 3rd party assets.