Welcome to the site @Charity C Miller!

Heres the situation:The property currently has tenants, the owner has told the tenants that he is selling the property and they will have to move out.The tenants asked if they could stay till the end of May.The already have a place they are moving to, they just can't move in till June 1Very reasonable, the tenants seem like they will not cause any issuesI would like to hold 10 or 15k in escrow until the tenants move out, I just dont know how to word that on a Florida offer/ contract.Any help would be great!

I’d ask the current owners to carry back a mortgage, say you make a down payment and agree to pay them 5 or 6%.  

Welcome to the site @Shakeyla Kelly!

Always best practice to be listed as additional insured as the property owner as well. 

If you've got the NAME and ADDRESS, what's the best way to contact the owners.

I thought that, at least I could deduct property taxes, Interest, PMI and Home owner's insurance.I am being told that, basically, we have to treat the entire rent check as taxable profit because of our income.

Probably has incite on build costs. site and state specific.. no way to just ball park it. 

I am not sure where to begin. with your septic and well you'll need to do site layout first with a land planner or the county. after that you'll need to check setback requirements and design plans and start budgeting with a builder. once you have a confirmed plan set and budget broken down and builder selected then you can talk to banks. most people think it starts with banks 

The book is saying open up multiple accounts for your business for the purposes of charitable giving, owner income, taxes, paying down bad debt, etc.