To bring this vision to life, I'm seeking to build a team of like-minded individuals who are interested in partnering, collaborate on deals, and tap into the booming Miami real estate market and beyond!

Sounds like a great deal!

I do like how low your interest rate is so using as a revolving credit wouldn't be bad.

In situations like this, it’s definitely worth considering a cost segregation study.

To buy a multifamily property without a large down payment, explore financing options like FHA loans, VA loans, and conventional loans.

It sounds like you will breakeven which is better than carrying a negative cash flowing property for years.

Having a solid team around you like agent, lender etc.

Looks like you're in Maryland.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

You could likely get a different insurance policy