It had been sitting on the market for a long time and the sellers were willing to drop the price significantly.

This quick turnaround showcased the power of market timing and effective negotiation, doubling the initial investment in just one day.

Learning - I am looking to learn what others have found to be successful real-estate investing strategies. 

General rule of thumb I have heard is that carpet in a rental is expected to last about 5 years.The real fix here is buying premium higher traffic resistant carpet, or converting to a hard flooring on your next replacement, like LVP. 

Hey MIguel-I really appreciate you taking the time to respond. 

Just make sure you’ve lived there for at least 2 of the last 5 years, which it sounds like you have, so you should be in the clear.As for timing, since both deals are happening around the same time, things should move smoothly.

I would rather be part of the GP.Broker-Dealers don't touch deals as small as the ones done by most real estate investors at this level.

All real estate in Miami that you now own outright and manage?

By the time they are done the end price they paid was pretty much the same price of a totally custom home design... 

We had 3 exit strategies, and ultimately went with the safest and least amount of time invested.