I agree an attorney would be a great idea, but what I've found with my own parents is they use their "old friend who's been an attorney for 47 years" who doesn't know jack about real estate.First, I you've come to the right place, please try to find an attorney on this forum who has knowledge and experience on the subject.

Are they properly licensed?

Do you guys think this is a good idea or do you think there is something else you would recommend me doing?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

So, I am going to throw out my thinking on something to get started and wondered if someone could just let me know if it seems like an okay idea of not.I am currently in a home (VA loan) that is costing me $4054 a month (haven't even been in the property a year yet and have a 5.75% interest rate). 

We want to buy single family homes for rent.If Tampa isn’t a good idea, please feel free to recommend areas in Florida.Thanks in advance

Hi , is hiring an attorney for buyer’s rep a good idea?

My questions are:1- How do you evaluate the whole idea?

I have spent a lot of time trying to figure out what I want to do next and I keep coming back to the idea of either doing home flips, long term rentals, short term rentals, or a combination of them.

Subscribe to the Dispatch and a slew of other pay-walled newsletters that are all on Substack.What are your best and worst Passive income ideas?