If you're going to use a bank in FL, start with the following link: https://dos.fl.gov/sunbiz/ It will guide you on how to register in FL.

Yes timing matters but don't let it be your only decision.If there is a $1,000 repair that you have to make regardless that may take 1-2 momths to do, you may save $400 in taxes but you would potentially lose 1-2 months of rent.Best of luck with how you move forward.

Most lenders will gladly talk to you to help you start planning a purchase.  

Ive started buying my rentals in other markets primarily.

Plan to eventually cash out refinance with conventional loan in 12 months, but looking to get out of my hard money situation to save on holding costs.

That is a good start.

Also, keep in mind once the rates start falling this fall, in my opinion there is going to be a short lived surge in purchases from pent up demand that people were waiting for.Hope this helps.Also, if you are looking to keep more of your RE Commission DM me, I'm a Licensed Broker in Texas as well.

First off, it's awesome that you're in a position to get started in real estate at 22.

@Aidan Swienton, congratulations on setting your goal and starting to work towards it. 

Trying to do my due diligence, but not sure where to start and what exactly to do.