We'd like to line this up in case an offer is accepted as we are located in Florida and will not be able to self-manage efficiently. 

And they could invest the now post tax dollars with you to buy a real estate asset that will provide a superior passive return or be located more convenient for you to be hands on.

In this case the lender will not look at DTI, but will approve based on credit, cash flow, location of property and loan to value.

Letters, postcards, ect.4) either purchase lists or start driving for dollars to locate properties5) send mailUnderstate that you may not hear anything back from most of these people.

They only need to close within a time frame that includes the first one to sell (in other words they all sell within 180 days of the sale of the first property) as long as you can locate the right replacement and get the right terms.Another very attractive option would be to scale down a little and maybe look for a replacement property that you could get for $600K - like a 2.4 - $3 mil property that needs $400K of work to get it to high functioning. 

I would suggest to find a local meet up in your area to find locals who are actively doing what you'd like to do, listen to the Bigger Pockets' podcasts if you are not already and to figure out what your preferences are (location, size/type of property, price range, desired ROI or cashflow, etc) so that you can start analyzing deals.

Start looking at properties now, pick a few locations and learn everythIng there is to know about the locations you chose.

To this point we've focused on X number of doors to get to a specific cash flow number in order for me to have the option of walking away from my W-2... specific challenges have just been*finding that sweet spot of property and location and getting the bad inherited tenants out *getting improvements done that needs to be done.

To locate the break or breaks in the sewer lines, plumber will snake a Camera down the line.

What locations in the US would you recommend to invest in for multi units that have (1) strong rental market (2) excellent cashflow?