Broward isn’t just experiencing progress; it is embracing it wholeheartedly.In the midst of all the activity Browards real estate sector stood strong with sellers receiving 96% of the asking price showcasing a dedication to excellence that doesn’t waver.Time like a conductor orchestrating lifes symphony appeared to move in harmony, with Broward.The average time it took to secure contracts saw a 4.8% decrease settling at 40 days..

The inclusion of additional units could potentially increase my qualification for higher-priced homes, contingent on the rental income they generate. 

Unless he's doing something like a big rehab to force appreciation.If he's putting down 25% now, then he should be able to refi with no additional money due in 5 years. 

If I can purchase this property smoothly and it all works out then I know he will be ready to start selling me his other properties in the same fashion so that his trust just receives a monthly cash flow payment from them instead of his family having to deal with the properties when he's gone. 

(Other than the fact you have to reinvest all cash received obviously.)You also know that a personal residence can’t be 1031’d unless it was also a rental before sale, so the $250k exclusion wouldn’t apply unless it was both a primary and a rental.

@Angie Hensley, until you do something additional the LLC has no authority to sign a lease to rent out the property.

If people receive help, mentorship and guidance with someone with experience, then I would say that is a little more valuable than reading about a topic online.  

Additionally, in your experience, when is it more suitable to hire a contractor versus a handyman?

Any additional tips or things I should consider would be super helpful!

It reflects the average rental income per booked night, including nightly rates and additional fees like cleaning charges, pet fees, etc.