Another option, if you sell is to House Hack.

However, if it is convenient for you, you have the option to open a joint account as well.

You might have several different loan options available to you depending on your needs (acquisition + rehab).

With so many options on funding it’s so hard to choose as a first time flipper.

What options are other community owners finding right now?

By the time they finish building it anyways the property values will have likely doubled at the rate we are going down here... and a new vacation home is never a bad thing lolIf you are an investor and you buy a Miami condo, you normally have two options: sell it upon delivery and never use it, or rent it long term and never get to use it yourself. 

Start by learning about different strategies, market trends, financing options, and best practices.

As long as the zoning for STR is good, you should be good and with a 2/1, you can go more crazy on the beach theme and furnishings which is the only way to be successful in a market where there are a lot of other options.

I decided to give them the option to break their lease and leave, if they so choose, which they haven't responded to yet.My question is, has anyone dealt with a similar situation who may be able to give some advice on this?

I have good credit, but not sure how to obtain financing with my current income so I am looking for financing options that don't require me to provide 2 years proof of income.My current plan is to do the following but would like a professional opinion before proceeding.