I really enjoy the community.I am living in NYC.

Hello Everyone:I have an opportunity to purchase a bank owned condo in South Beach, Miami, Florida.

I applied for a Cash Out Refinance with the bank that holds my mortgage.In an effort to actually enjoy my life and spend time with my 1 year old son as he grows up, I left my job at a Fortune 100 company to own a business where I make very similar money working about 6-8 hours/week instead of 60-80.The next step IS real estate investing.

They make fake money orders that get hung up during the routing float between your bank and the money order's source. 

Most likely would have to work with the local banks to get the loans, but that is ok. 

Refi 75% of ARV for next dealMy first shot analyzing a deal in my county:$65k out of my pocket (43 for the house, 22 for rehab)Estimated $90k ARV= $67,500 cash return (assuming I pull out 75% equity)I receive about $850/mo from rent based on compsHELOC= $393/mo payment to bank (4.2% interest)$85/mo to property manager Meaning I gross approx $372/mo Zip code is 31904.

@Adam Hollandsworth The great thing about real estate is that there are no rules on how or when to get started, all it takes is motivation and coordination with your team (bank, realtor, etc) to close on a deal.

Save up money and buy an owner occupied multifamily using an FHA loan. continue to find a bank that will work with you. they can use the income of the rental properties for part of the approval.

Every bank I have talked to is terrified about loaning on a tiny home and even more terrified about loaning on a lot inside a resort.

The preliminary information I have about the potential seller is that they're seeking to reinvest in a different locale, so looking to dump all properties in location A to reinvest in location B.Some questions I have:Big bank vs small[er] bank vs private lender - who, if any, would be most inclined to view this as a basket for a single mortgage?