@Don Konipol sorry but those do pop up from time to time. 2 blocks from my house one sold for $35k and ARV was $260Knot something you find on MLS but deep digging and they do pop up

However, your advice would likely ensure to keep it on the auction block where I'd feel much better winning it for a slightly higher price.

A few points to note:1) Every field out there experiences some form of lack of transparency from either individuals and/or companies.

I'm definitely planning on trading up that equity - but right now this is the fastest way I'm finding to quickly recycle my cash.Sounds like you have a really cool business model that helps out individuals.

It has worked pretty well so far.Online rent collections are also a good route, my major issue with them is you cannot block partial payments which could cause a problem down the road.

So not that I am turning away already but I was wondering if there are any reliable trustworthy groups or even individuals that do multi family managements down in the Fort Lauderdale?

Each of these variables will dramatically change the advice for the individual asking this question.

Located one block from the hospital, one block to State Street and ten blocks to the hub of the city.  

I'd still have an attorney review it regardless to ensure your interests are protected and that the seller isn't being preyed upon with the wording therein.As an individual who has the authority to execute a legally binding document such as a purchase contract, I would never use a document that wasn't approved by the state or drafted by a lawyer in my state.

It may not fit your individual definition of 'little to no risk', but the income is not taxed by the federal government.Depending on what you want the money for in the future, have you considered a retirement account or a 529 account?