There is not enough information about the property and your goals.

Your structure depends on your investors so it's important for you to understand what your investors goals, objectives, and expectations are.If you'd like some more information on this topic, it just so happens that my business partner and I recently did a talk titled 'How to Raise Private Money...Magnetically'.

I'm not sure how it would be in Florida, but the main goal they teach you is how to pass the test. 

@Nick Zias I know several people that own multiple homes in MSP.You need to do it because you care and have the money be a secondary goal.

My goal is to network and build with as many buyers as possible.

My goal is to move away from the residential side and fully into commercial - specifically multi-use developments and industrial properties in Norfolk and Suffolk counties, preferably. 

My goal is to create generational wealth by investing and learning as much as possible to pay it forward.

Quickly learned its completely 2 different areas and I want to be focused on investing, my goal is to get started in buy and hold rental properties to create passive income and financial freedom down the line.

If you want an exact answer you have to make sure we are well informed in the question, and know enough about your goals, background, and situation to make an informed and insightful answer to guide you in the right direction.

I can’t imagine it’s $1,000 per month for taxes.What is your goal with this deal?