I'm also in FL and am a RE investor (STR/MTR/LTR), developer, and just love RE and the freedom it brings.

If you plan on going the hard money route, most lenders will require an experienced, licensed GC to complete the rehab portion.Do you have the option to bring on an experienced partner for your first that can show you the ropes?

BUT I have also heard that it could trigger a due on sales clause, bringing the note fully due at any moment.

If you don't mind a little more management, renting by the room and midterm can bring in a lot more revenue than renting just the basement or other unit if you get a duplex. 

Now it's time to see whether I can bring some of them to fruition. 

When they eventually move out, I plan to do a full renovation to bring the unit up to high-quality standards and maximize its rental potential.I’m happy to connect if you ever want to chat.

Are they bringing equity?

I think a new administration brings new ideas and new people.

May this year bring you strategic wins and profitable ventures in an evolving market landscape.

And then I look like the bad guy bringing $0.65 to the dollar for an out for them, because there too blinded to realize the other options are more like $0.45 on the dollar.