I only plan to hold it for another 5-7 years then I’ll 1031 Exchange it for another property.

I don't go into anything without having a plan.

Right now I am trying to stress to everyone that they need to be able to afford a property based on the long term rental potential even if the plan is to use it as a STR.

I was very moved, we made a deal that fit their needs, we brought down the interest from the original 8% I was asking to 6.5% to meet their monthly max budget.

I designed a 2 bed 1 bath stacked triplex that fits on a 30' wide lot with 3' side yards and we can build it for $174 a sq ft hard cost. we do them where the land is 10% of after repaired asset value which in our market is 50k approx. we study multifamily trends and stay with it.

@James Whitehead does your lender know you plan to tap HELOC for down payments?

I'm assuming you do not plan to live in the property. 

Open floor plans, movable partitions, and multipurpose furniture are increasingly popular among Millennial homebuyers.Digital Savvy and Tech Integration: Growing up in the digital age, Millennials are tech-savvy consumers who expect seamless integration of technology into their homes.

Are you guys planning to stay in the Miami area long term?

Here is my plan and then my questions below:1) I want to buy single family homes across various states with each home having its own LLC in that particular state.2) I want these various LLCs to be owned by a Wyoming Holding LLC for anonymity.Here are my questions:a) Is it really as easy as creating a Wyoming Holding LLC online (e.g. zen business) and then creating an LLC for the homes  in the relevant state (again using zen business as an example) ?