Now, if you are getting a job in Florida doing the same thing you are doing then you would only need 3% to 5% to purchase a primary home; assuming that your credit score is over 620.

While some use floating rate debt, for say, corporate unsecured lines of credit or capital commitment facilities, they also tend to use Swaps versus interest rate caps, and often times will build interest rate collars on their floating rate debt.  

The renovations included new flooring, fresh paint, a new HVAC system, updated bathrooms, and the addition of stainless steel appliances and granite countertops.

Your strategy of converting the garage into an additional dwelling unit (ADU) and using the property for short-term rentals (STRs) sounds like it has paid off well, especially given the unique aspects of the property and its location.Your approach to identifying a unique investment opportunity that was overlooked by others, and your patience in securing the right deal, are key takeaways for anyone looking to invest in real estate.

Additionally, thinking about investing in different property types or enlisting the help of a trusted property management firm may be wise choices.

My guests love my rentals but hate getting additional fee charges when they are finding my properties on VRBO or airbnb.I couldn't find all of my properties they say they are "managing"...that you for reassuring me that leaving them is easy!

In addition, it saved me a lot of time, which let me act quickly when a good chance came up.The journey of overcoming challenges in underwriting deals taught me invaluable lessons.

I'm going to add it to my toolbox should I ever be put in a situation like yours.

And enjoy additional income from the tax you don't have to pay.

Pay off debt, build your credit, and increase your savings rate. 2.