It is always good to build your network locally.

@Nitin Gove check with the new builds what the guidelines and restrictions are for rentals.

We are working on another form of communication with higher commissions.The FutureAll indications are showing that it will get worse before it will get better - sales inventory is still high, rental inventory is very high, more and more new construction apartment buildings are nearing and/or have been completed (at least 10 in Cape Coral that have hundreds of units are still being built), displaced homeowners are returning to their homes, and a host of other concerns.We have gone through years of rapid rent growth and a lack of inventory.

Ensure the property is tested and, if necessary, remediated by professionals.Permits and Code Compliance:Building Codes: Ensure that the restoration or rebuild complies with current building codes and regulations.

I am building my boots on ground team now, so been speaking with agents, contractors, property managers, etc.

The key is building a big enough portfolio that one property won't affect you no matter what happens to it.

These tenants have been in the building since 2014, so they are relatively longterm. 

I believe the play is to either improve the existing building and raise rents or the zoning allows for apartment buildings and the lot is considerably big, so maybe build new.

If you are planning to spend time in any of the units during the first year the best thing to do would be to communicate to the lender that the building will be occupied as both a primary and secondary property by the owners. 

, or single-family home (open to finding one that needs to be rehabbed to build sweat equity).