@Sammie Baker You already have equity in it if you're buying it at a discount, so why do you need to put another 20% down?

I'm never in a rush to bring it back to the property, somebody said (it was jordan belfort), "In-between the (2) straight-lines is where all the magic happens"!

This is why I suggested talking to his attorney about doing an LLC because it seems pretty straight forward.

The financial analysis should be straight-forward: is it worth it to you to continue renting (you make $/yr) or sell (you make $$$ one-time).

Have a contract with a seller for a house in good shape but discounted because of their personal reasons.

The asset type I would pursue would be a heavy cash position so I can buy deals at a discount in the event of a crash.

Hey.I'm from Miami as well and learned after 6 months of analyzing tons of deals, that on-market straight-up simple cashflowing deals can be challenging to find here in Miami (Can find some in Little Havanna maybe), however depending on the capital you have and the number of units you are interested in, Broward county (Hollywood and above) can be much more solid. 

Real Estate Training events, where they give a discount for a spouse or allow them to come at no charge, is definitely a way to begin to get on the same page. 

With 120k saved up in liquid assets I would start finding discounted properties that need work.

The business plan is to basically BRRRR these properties, purchasing at a discount due to the properties are underperforming, we are obtaining a construction loan from a lender, improve NOI and refinance a 1-2 years down the road and then hold long term.