Speak to a knowledgeable tax advisor about YOUR specific situation.

You noticed their vacant home and would like to speak to them when they are ready to sell.

Another reason why people get nervous is that they feel they want to deliver so much information rather than speaking to the person on the other line as if they were a friend or family member.

I would consider myself on complete introvert and in the past I completely avoided any type of event that would require me speaking in front of a group or being around people I don't know. 

The deposit and first month's rent was paid on her behalf by a church group, so she's not out anything so to speak for leaving. 

I am aware of wholesalers that try to make the deal into a "win-win" for both themselves and the seller, and in speaking with them I think this can actually be a potential competitive advantage.I'm relatively new to BP and still 'researching' how the majority of wholesalers operate, but it seems to me that real estate purchase option agreements are a more elegant way to conduct this type of business.I'm in the process of trying to put together a blog that, hopefully, will allow me to demonstrate this. 

I would speak to your attorney before executing any transaction.

So I can't speak to the rental situation in Florida.

@Dean Taylor I am assuming that your speaking in regards to syndication?

Let me know if you'd like to speak further!