Put 5% down, maxed out 3% credits, got an additional $3,000 out of inspection items, rolled commission into deal, after all of that and prorated rents we only came out of pocket $2,000 for the acquisition.

Due to my research, it seems this owner claims a Homestead exemption on this Orlando, FL. property in addition to a split Home owner exemption on an additional out of state property for at least the past two years.

In addition, the owner of the home must not own more than three single-family homes.3) They are unable to provide sufficient documentation, such as the emotional support animal letter, that verifies the ESA is necessary for their health and well-being.4) The tenant provides fraudulent documentation attesting to their need for an emotional support animal (usually a fake emotional support animal letter).5) The landlord can demonstrate that making accommodations for an ESA would impose undue financial burden or logistical burden. 6) The animal is destructive to the property or displays threatening behaviors that could put other tenants or yourself at risk.7) The size or nature of the animal makes it impossible to house safely or humanely.

In addition one of their more attractive aspects is that most of them already have institutional debt on them which you assume your share of. 

Here in CO there's an additional license required if you're soliciting money from individuals then loan it to others or even just brokering the loans.

Any insight is appreciated.  

I am new to Florida and I am just doing some research for now and would appreciate any insight from more experienced investors. 

Any insight, guidance, legislative references, or even lender recommendations would be very much appreciated.Thanks!

I'm also in Houston with Emerson Property Management and we have lots of properties in our Portfolio spread through that North Houston area (Spring/Woodlands/Conroe) - I'd love to connect and provide any insight you'd like! 

All said and done it cost me an additional $2300 in fees for the HML that went past its maturity date plus the appraisal, all this could have been avoided if they told me they had an issue with my credit score from the beginning.