I too would look into a fence installed by a professional and ask the tenant to share the expense. 

Sellers did not allow us to get professionals in to give estimates for a french drain before closing (yes, our red flag we should have walked away with), but agreed to lower closing price. 

And you cannot use it to purchase a primary residence.You can however use it to buy an investment property and later convert that into your primary residence to get a prorated amount of the gain tax free.You can also use it purchase and improve an investment property as long as the improvements are complete prior to you taking title to it. 

Ideally I would like to do buy and hold, with a specific focus of multi family then moving into commercial apartments.

@Andy OkamotoOne cautionary note: if your idea of "cash flow" is $10K in net operating income, $120K before taxes in your pocket every year off your rental property, well, if it happens to you in 10 years, it will be a low-probability event with a lot of lucky breaks and eventually will likely ruin your life when you make a misstep because you assumed your lucky break was the norm.If you're serious about moving out here, at least look at the Pittsburgh area and its proximity to Carnegie Mellon (tech) and UPMC (health care).

I’ve been focusing on new build duplexes in the Indianapolis market, where we’re seeing strong rental returns and growth potential.If you’re ever curious about expanding into other markets or want to discuss strategies to grow your portfolio, I’d love to connect and share insights.

We are based in Tampa/Saint Pete but have just expanded into Naples and now South Miami - would love to start working my way back up North ASAP!

In addition we removed the tree that had grown into the line. 

I will look into registering the LLC as a foreign entity here in FL. 

Just to use round numbers, I'm buying for about $250k and plan on putting about $200k into renovations and an ARV around $660k.