The building is 4,140sqft, built in 1995, consists of 4 2bd/1ba units. 

If you practice sound asset protection such as solid insurance coverage plus series LLCs or using trusts in conjunction with LLCs you're OK on the liability front.

The 1968 Law would be consistent with what you are saying, but the 1988 Amendments modify the 1968 law, I am confident the panel of Lawyers at the Realtors Association would easily defend their position in court.

The thing is I've been consistently outbid by cash buyers overnight each time.Found a place in Pompano off US-1, made an offer at the same time seller declines a 350k cash-offer on the 365k asking price.

Anyways, we had a lot of very consistent bookings for the first few months and have great reviews (17 five stars, and achieved SuperHost Status). 

With lots of practice you will be able to identify a good deal quickly and jump on it when the opportunity presents itself.

I know at least 20 “wholesalers” locally and 99% of their deals are total junk and their business practices are questionable to say the least. 

Cant practice real estate, only refer and receice referral fees.

My initial reservation is that this estimate would more than double the current cash flow per unit, which seems like it might be difficult to do in practice - I'm not saying it's not possible, I am just hesitant.

In the meantime, work on improving your credit, finding partners, networking, practice analyzing deals, and saving cash to invest.Hope this helps - happy to answer any questions you have.Robert Leonard