Be aware of higher interest rates and origination fees with hard money loans, necessitating a clear exit strategy.

This affordability factor, combined with the potential for long-term appreciation and steady rental income, makes older low-rise condos a compelling investment choice for savvy investors looking to diversify their portfolio in Miami's real estate landscape.BUILD EQUITY – Investing in older low-rise condos also allows investors to capitalize on potential renovation opportunities.

2) Do I include my assignment fee inside that 70% rule or does this come out at closing?

I wish to assume the FHA loan and keep the mortgage, clearing the arrears and paying something to the owners to motivate them for the dealIs there anybody who provides that service to coordinate this transaction for a fee ?

New investors tend to fail in factoring in all costs, including repairs, maintenance, vacancies, and property management fees. 

That could be something else to consider He did pay the application fee and his credit is 791 with no late payments on record and no criminal background which is good.

We are now adding fees on top of the 10%, not fees for us but Airbnb has been tough lately charging us cancellation fees so the owner will have to absorb them as well.

Evictions are quick and easy (just a few weeks, faster than most states), judges have always been 100% on my side, sheriffs conduct the move-out quickly with no fuss, there’s no notice required for owners to inspect or enter the property if they want to (I usually still try to give some notice out of courtesy, but it’s nice that I’m not required to), rent control was prohibited entirely across the state in 1981 (recent efforts to overturn that have failed), HOAs don’t have much power here (max fine is $500 for non health and safety violations, they have to give ample notice before any fines, can’t foreclose over late fees or fines, etc.).

You might have to find an attorney for pro-bono and only collect if they win or you could go on sites like rocket lawyer where you can post question for nomimal fee and get answers.No legal advice given.           

Not as interested in HOA fees, but willing to consider.