Quote from @Karl Kauper: I'm not attacking you personally.

Bought a lake vacation home for my family How did you find this deal and how did you negotiate it?

At $600k, you'd be at a 8.36% CAP RATE this wouldn't be taking into account any other income from the property.. 

Earn cashflow from entrepreneurship.2.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

Quote from @Jim Miller: I hold a Florida real estate license.

You're in a great place to learn.

Obviously I would charge more for this (research shows 25% - 35% over LTR rate), and I wouldn't be furnishing the house.

This is my opinion only. 

This protects you from potential scams.