There's a nice restaurant/bar called Houligan's on International Speedway Blvd. 1725 W International Speedway Blvd, Daytona Beach, FL 32114.

You can absolutely buy a rent-ready nice property and make money (that's all I've ever bought), but you need to just look at the numbers.

@Nate MorrisIt would make sense that the deal may need to be included in a separate sale.Generally when purchasing property, you want to weight more of the value into items with lower depreciable lives.

This actually sounds nice, since it means that the downpayment can be collected in a more relaxed manner, but its also tricky for obvious reasons.Is 8% of the total monthly rent a lot?

Even for rentals I like to make them real nice to attract the cream of the crop tenants and separate my units from the rest.

So if it makes sense to run the properties on different bank accounts and books if for nothing other than point 3 above, then they are going to need Fed ID for Bank accounts.

It is important to be able to analyze the trailing 12 month financial statement of a property and take a deeper look at the loss to lease by examining the rent roll.Ideally, you are lucky enough to have an excel version of the rent roll provided to you by the broker or the owner you are interacting with on your potential acquisition (or.. if you or someone you know is developing a character recognition software that is able to read a PDF version of a rent roll and convert it to a nice, clean excel version please let me know!).

There are good and bad but you'll mostly hear about the bad.The truth is, if you want good tenants you need to educate yourself on what makes a good tenant and then screen applications until you find one.If you want a good property manager, you need to educate yourself on what makes a good one and then screen them until you find one.Far too many Landlords hire the manager with the lowest fees or the nice office or the pretty face or the fancy car or the...you get the point.

It's nice that you can door knock but that strategy might not be the best use of your time. 

For sure I'll put on there that if it fails, it's not a done deal, just that the money to repair is going to need to come off that price.The land is definitely not rural.