then you said something about do more of a multifamily product not single family and do much better rents are higher appreciation etc. but that sounds like your saying multifamily appreciation is better and rents are higher.. im pretty comfortable letting that 10k sit in the house and not needing it to recycle into the next.

Just wanted some feedback from any other BP members who are location independent, have worked with co-ops, international RE, or just curious.Thanks, George I like this innovative (sounding) idea.

I know it sounds illegal but I’m trying so hard to get a little closer to get this home that is just perfect for my family.

I'm from the Bay Area originally and this sounds like a great plan to me. 

yup sounds like you're doing a little bit of cross collateralization with your other properties which is totally fine and can be done . when it comes to condos in miami what you'd really need to find out is if it is a warrantable, non-warrantable or condotel property .

Also, how frugal can you be with the $185k W-2 income, could put X away towards the reno each month - it sounds like a longer-term project, so that could build up over time

It sounds like you've already made some significant strides in your real estate journey. 

You know there is water and they start blaring a loud sound?   

In my opinion, flipping is hands on and there is little a book will teach you on flipping a house(especially if you never acquired a property before).The only way to learn is to go through the experience.Start off with a simple project - a property with minimal work that needs to be done(replacing a roof, HVAC, Painting, Flooring).Don't buy anything with water damage, fire damage, foundation, bathroom remodel or a kitchen remodel.Move on to more complicated projects after you have a couple of successful flips.

Sounds like it's been vacant for a while based on your narrative.