My tenant is now living there but needs to use the main house address when buying stuff from companies like Walmart, etc... since the 1/2 ADU address does not show up.

You would need to ask contractors.You buy something already built and renovate, you get tenants in and start making money that much sooner.

I would look for a multi-plex to buy - up to 4 units would qualify.

Investment Info:Single-family residence buy & hold investment in Miami.

I was already a licensed agent for 3 years @ that time, I was already doing a short-sale across the street, asked the seller if he knew anyone in the neighborhood looking to sell, & the rest is history as they say....I ALWAYS wanted to do a fix & flip, & this was my BIG CHANCE!!

I've heard I might need to buy with cash, which confuses me.Could this lead to issues with the closing process, such as problems with deed recording or property assessment?

These can usually be reduced or eliminated by absorbing a higher interest rate or buying out in upfront 'points.'

The other is to buy the property from them which the title company will need to get current title holder to sign off on deed once they are paid off

If there's overlap, there's a chance that Tenant B will move out later and complain that you are charging him for something that Tenant A was responsible for.

However, I am in escrow to buy a home, but my plan with this one is to rehab and turn it into a midterm rental as my very first buy-and-hold.