One major repair, one long vacancy and all your “needed” cash flow is gone. 

Have you looked into purchasing property that has an essential repairs estimate?

I need someone who's familiar with FL Statue 718, as well as someone who has experience in managing properties of this/similar size, is versed in contract negotiation with vendors/service providers, & is a more hand-on individual.For context, the condo already has a property management company.

These include irregular but inevitable expenses, such as vacancy rate, repairs, maintenance, accounting, insurance, property taxes, and property management.

Most hard money work as follows:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

You can add services and upsells the clients foot the bill for, like spa/massage/private chef rather than pouring more capital into the property.  

You can absolutely use a credit repair company to challenge everything on your report. 

It will connect excel to your bank accounts and auto categorize for you, its pretty neat service ($79)

Bringing in a new GC creates a situation of its own.You need to be extremely careful about how you mitigate your exposure to fixing legal contractual obligations to the new contractor to ensure it’s scope of services and remedies should problems arise in completing the job.In closing, I urge you not to feel too bad or blame yourself for the situation.

The house was sitting vacant for awhile, that came with much needed repairs.