For more reading and sources:https://www.census.gov/quickfa...https://worldpopulationreview....https://censusreporter.org/pro...https://datausa.io/profile/geo...https://datausa.io/profile/uni...https://datausa.io/profile/uni...https://www.neighborhoodscout....https://www.cityofws.org/Docum...https://livingcost.org/cost/un...https://fred.stlouisfed.org/se...https://www.cityofws.org/https://www.ncdot.gov/projects...https://www.redfin.com/city/19...https://www.realtor.com/reales...

Honest opinion - this seems like a great opportunity for you with 70% LTV at 5.5% for a property this type/size - I would be very very careful if you need to get the other 20% as a relatively new investor - someone willing to lend the remaining 20% could easily take advantage or come up with terms that could cost you - definitely depends on the further info - but tapping the equity of your current rentals and taking down the full 30% equity stake in this acquisition would probably be the best bet

I plan on getting a property management company to take care of it.

Such a loaded question......and MANY discussions on this "question" in the pastYou cant compare units that are fully paid off to ones that are at 70-80% LTV.......Some people post numbers based on gross cash flow and don't account for all the expenses you need to take out for real cash flow numbers etc...while other post net cash flow after all those expenses are accounted for.....So many variables that there is no great number to shoot for....so be really careful that you compare apples to apples..

This could provide you with access to additional funds to help cover your mortgage payments while you explore other investment opportunities.Ultimately, it's important to carefully weigh your options and consider the potential long-term implications of each decision.

For permits https://desotomo.com/departments/animal-control/I would suggest you vet any GC very carefully, make sure their plumbers, electrician and HVAC are state licensed.I'd also suggest permitted work for liability and equity purposes.The electrical will be dependent on what code cycle of the NEC that Desoto has adopted.Its doubtful an old HVAC is performing adequately relative to its installation let alone relative to current requirements.

I’ve read that lenders typically don’t lend on land due to the risks.

After careful consideration, we ultimately decided not to engage the services of the group in question.

Many won't care about the law and will volunteer to help you for a fee. 2) Hire a real estate agent.But then who will handle the application process and screening?

Now, to be clear, I'm not saying it is not happening.Besides this, I would be interested to read more about people's experiences in Miami