They need to sell.Here's the challenge I bet you'll face. 

What I love about real estate is that it is intellectually challenging because you can never know it all; always more to learn!

So that would have been very challenging with an occupied unit if you plan to do that, but perhaps your market is so hot, that fix up may not be required.

I know, I've had to defend them before.

The place where you will have a challenge is the transfer tax statement document.

Mostly interested in costs and processes of registering a rental property, obtaining/maintaining lead certs,  or any other cost or challenges that an inexperienced potential landlord may overlook before jumping in.Any information that could be provided would be greatly appreciated.

Hi Edward,I'm here in Silicon Valley and looking at the same challenges as you.

I will say single bedroom units and studios can be a challenge to keep rented depending on the area, but the closer you to desirable things the easier renting a cardboard box becomes.

From and after the date of this Contract, Buyer shall indemnify Seller for, defend Seller against, and hold Seller harmless from any liability, loss, cost, injury, damage, or other expense that may occur or may be claimed by or with respect to any person or property on or about the Premises resulting from the use, misuse, possession, occupancy, or non-occupancy of the Premises by Buyer or Buyer's agents, employees, licensees, invitees, or guests.

I am looking to invest in Fort Lauderdale to Kendall area, but as a Non US resident there are a bit more challenges but hopefully I will be able to get good feedback from this forums.Wish you good luck and hopefully we can exchange some experiences.Good day to all of you!!!