Florida has over 1000 people moving in a day, our supply is almost non-existent compared to the past and even condos are giving amazing returns (example: we have a new condo purchased at $270k bringing in $4k a month in short term rental income). 

2) Our lender does not require a Phase 1 assessment.

Amenities and Transportation: What can you tell me about the local amenities, such as shops, parks, or public transportation options?

I am looking to pay cash on distressed properties and to do the BRRRR method.I have a team in place but would be very interested in connecting with fellow investors, contractors, lenders, pretty much anyone who touches Birmingham real estate.Thanks so much, John

Also, if you are using one standard set of criteria to review all tenants, both section 8 and non-section 8, do you require a minimum credit score?

One of the best strategies is using other people's money, like private lenders or seller financing.

It is possible that your latest accountant did everything correctly, and it is also possible that they did not.Have an experienced real estate tax accountant review it rather than asking on this public forum.

Here’s why:- unless you strategically reported your taxes as making 100% income and not reporting an entire loss on your schedule e - you will most likely not find a lender who will qualify you for a HELOC.

I'm in the position to apply(depending on lender DTI requirement) for conventional financing through the builder at <6% interest rate in this current market.

If you are financing this is a good benchmark in my opinion as a lender for my whole career.