My philosophy is very simple: never sell a property unless you can (a) put the money into something that provides a better return or (b) it moves you closer to your goal.3.

Are there any banks/lenders which would provide some incentives on closing cost and give good interest rates?

You should seek a Lender who can provide a formal Certificate of Approval Letter upfront and help Prequalify DSCR properties in advance to simplify the process. 

@Eric LunsfordAs mentioned it’s taxed at ordinary income - but there are debt funds that do private lending that can provide investors a 1099-DIV vs 1099-INT which is a considerable savings net taxes - it’s about 2pt delta - meaning 10% from debt fund is better than 12% taxed as interest (and a lot less work)

Can you provide some more advice on how you screen tenants through social media?

Let’s break down these processes step by step for clarity.Part 1: Forms 1098 from Private Lenders to InvestorsForms 1098 from Conventional Mortgage Lenders: Traditional mortgage lenders provide Form 1098, detailing the interest paid on mortgages.

I put in approximately $16,000 and she only provided $4,000.

They will want you to provide information that can't be gotten online and unfortunately, most things related to deeds/tax bills in Florida can be gotten online. 

While states provide licensure to CPA's.

I suggest they contact the utility provider.