Thanks all for the responses.

You can take $50k and buy a $200k property that you own 100% or use $50k, raise $950k in private equity and buy a $5mm property that you own 33.5% (70/30 investor/sponsor split for illustration purposes...there are many structures).

Thanks to all for your responses and help, I feel the love and am excited to make some friends and learn. yes I am going to do a cash out refi on my primary and use that as the DP for multiple properties that will hopefully get me close to the $800 positive cash flow in the near term and help with retirement in the long term!

I've gotta follow the responses to this thread.

There's not enough space for me to write a proper response. 

In FL, I believe RE sales associate can form business entities for tax purposes but it must specifically be the name of the person such as: John Smith, LLC.

Of the little marketing I've done so far just about all the responses I've received have been from absentee landlords of properties with tenants who will either finance no more than 70-80% if at all and won't take as little as my cash offer.But what else can I do with these sellers?

Prior to inspection, your response is that you have never tested it so unknown if lead is present.

It is also true, the better the website, the better the response, and there are a plethora of web site gurus out there offering services to those who need them.

Hire a bookkeeper/property accountant and focus on what you do best.For flipping purposes, which deals more on the development/construction side, I strongly suggest something like Timberline which can definitely make life easier when processing that many invoices.