@Bruce Lynn yes in Castleberry, it's the last street in Fort Worth so address is still Fort Worth.

My biggest concern is your statement that you couldn't get a clear answer from your tax team.

I am a newer investors in Tacoma, Wa and i am interested in approaching motivated sellers with a Master Lease Option but I have concerns about them backing out/not selling.I would want an attorney but even if all paperwork is order is there any gaurantee that I can buy it if I choose?

I am on the hoa board and we have not had guidance on what we need to do from the property manager, even though he knew about the leaks a few doors down, but he has not addressed us about my new leak or what we should do.  

I'm concerned if I pull equity out that the property will not cash flow.

How to locate Parcel Number if you call the County with the Address and they can’t locate Parcel number for you

@Nathan Wiebe what I don't see addressed in this thread is the back end of the deal.

Probably both.... the LLC will have to have an address (california) and have to be set up as a foreign entity to do business in Florida.

However, I was hoping to get more applicable thoughts from you locals.I will admit, though the units I have identified do cash flow enough for my needs, I am concerned about the appreciation component of condo's in that area.

Here are two quick and dirty ways: for the lowest interest rate get a HELOC on your home.Since it's a 5 unit you're facing commercial rates and are playing in the big leagues of financing which means you need a seasoned entity combined with personal guarantee for the lowest possible interest rate.You can buy a seasoned entity online (make sure it's in the same state) that has a 80 or higher credit score, move the entity to the property address, change all the credit lines to the new address, transfer the property into it, and get your credit score to 720+.Apply for a commercial loan if you don't want to go the HELOC route.