A little background info about myself, I currently work outside the U.S. for 9-10 months out of the year and live in California.  

I was thinking of living in one of the units for at least 3 year probably more.

YES replace the furnace, 1800ish, ASSUMING is about 1k- 1500 sq ft house  Boy things are cheap where you are . roof is $450 to $600 a sq depending on pitch here in Maryland  I know I paid $550 a sq  ( 55 sq OUCH) when I lived in SC, total rip off, Material cost them about 100 bux a sq, 450 a sq profit for two days, Not a bad gig. 

My living expenses were almost completely rolled into the business model and I lived among an ever changing group of guests who made life lively and entertaining.

I have a unique situation that I cannot seem to find a very clear answer for, hopefully the BP community can assist.My wife and I got married last September and now live together in a house we purchased together.

Quote from @Robert Ellis: Quote from @Daniel Rabinov: Hey, I had a similar post in the past, but wanted to repost with a bit more focus on the area - So Miami/Broward County would be ideal.I would like to hear about what would be in your opinion the best way to capitalize on real estate while living in Miami as a new investor while leveraging sweat equity. 1.

This trend is expected to persist, driven by Birmingham's affordability and favorable living conditions.

One caveat, they also hold the mortgage on the LTR so that may be why they are willing to that the 2nd position and extend the LOC to me.   

Also, I live in FL and will not touch anything UNLESS I can get it at 25- 30% LOWER than the ask, even then IMO its overpriced.

With conventional rates in the 6.5-7% range on a primary home, payment shock can be offset by exploring extended amortization schedules such as 40 year or 10/30 Interest only loans.