Not legal or tax advice, but I think every subject to purchase should include a wrap mortgage so that you create notes receivable income.

After 14 full years, you will receive your return of $380,000 back + your ROI of $41,315!

@Venka Pulla Many smaller PMCs are unprofessional, they can also be vindictive.So, suggest you get all the info you can from your Owner Portal before terminating them.Also, hire a new PMC BEFORE terminating the current PMC.Then, terminate and work closely with the new PMC to get tenant payments switched over and whatever documentation is missing.Hopefully, you'll screen for a new PMC better than you did to pick the current one!

Improvements that DON’T drive the ARV as much: Windows, Landscaping, Driveway, Rough Plumbing & ElectricalI agree with @Jaron Walling about meeting the appraiser at the property and providing documentation.

Of course the OP received the funds but the point I would argue is that if the OP received in Jan and not Dec in his bank account.

Any good HML will be happy to share the contact info of borrowers so you can see how easy the process was and how well they treated the investor.Can you share a recent closing document or HUD?

I had to have an awkward conversation with my favorite realtor when their broker suggested everyone had to pay a $700 “document fee” on every sale.

Also make sure you protect yourself with the correct contract documents. https://www.myfloridalicense.com/wl11.asp

My uncle has done 84 percent for the last 14 consecutive years (these numbers can be proven  and have been well documented) .

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?