One quick tip but very valuable, be extremely strict on your tenant selection.

Go to the Lee County property records page, select the Search Official Records link under Recording/Official Records, and click Search Official Records.

Next hour or so will register EIN with IRS, best selection I have found during discovery is to establish it as either 8832 or 2553 instead of individual/disregarded entity.Between the two found that S-Corp may be the best route vs Corp since it is definitely considered Small Business.I appreciate you sharing some color to this monochrome current position I am in.Thank you all dear BPeers!

I am not looking to mass mail to all vacant homes but rather just to a selected few target property owners.Thanks in advance for any help/letters.

I received 5 or 6 referrals to one particular vendor, when I called them up I found out it was the vendor already selected to do the job by my GC.

With the right builder and lot selection, you can still get in for under $300k for a new build (4/2 or 4/3 1650-1774 sqft).

Note you can specifically select a multi-family search.As a warning, stay away from Craigslist, Facebook, LinkedIn, Connected Investors, and the like.

@Calvin Penn most areas follow the HUD Fair Market Rents that are published for the year.This is what they published for 2023 - FY 2023 Final Fair Market Rents Documentation System — Select Geography (huduser.gov)

How do you select one property over another?

If the selection of a cap rate is done poorly, it could have a material impact on the calculated sales price.