What are some creative ways you negotiated a price with a friendly neighbor>? 

My first priority is to ensure that my investors, network partners, and suppliers get real value from interacting with me.

What are some creative ideas? 

It's on them to ensure it appraises at $60K.Its how I bought my first house.  

That was creative how you raised money .

If the burn mark is in an area where you could do a creative solution like this then that may be another option for dealing with this particular situation.Best of luck.

@Ryan P. 1) I would refrain from publicizing how much money you have to invest2) I second what @Ian Ippolito recommended in terms of looking into various strategies3) prior to investing into anything, educate yourself and talk to others that have invested in the niches you're considering to ensure these are the best options for you4) food for thought, if you keep your house in Miami as a rental for some time, you can then sell it as an investment property and exchange it (1031) and buy into DST.Best of luck!

* What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuits* How familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.

You want to have control of your investment ensuring it is as profitable as can be.