Investing $300k to split $75k is not a very good return - this is also assuming that nothing unexpected comes up causing the rehab costs to increase and the market holds level.

Still surprising to see the increase of inventory with all these developing houses but not seeing much job growth which kind of draws a blank.. 

I have to agree with Merritt - fresh water and moderate climate are going to be increasingly important.

If you lived in one unit and rented the rest, that may offset your rent and increase your return possibly, but I don't know if you would want to live in that area as well.  

I increased the weekly rent in 2017 and again in 2018 without any dip in demand.

WOW, thank you Andrew for your reply, it seems like if I purchase a brand new house, I will have to depend on the home price to increase and the chance is hard to predict.

Over time, as the mortgage interest declines, your net taxable income increases. 

I build vacancies into my expences and will rely on that ahead of increasing my risks. 

My goal is cash flow, and increasing units over long term.

@Andrew MerewitzState of LLC FormationIt is normally advised to create the LLC in the state that you will be holding the real estate; Florida in this case.If you created the LLC in New York - you would be required to register the LLC in Florida; increasing your total costs.Please also be advised that it can be costly to form an LLC in New York.Location of CPAThe important aspect of looking for a CPA is that he/she understands the taxation of real estate.Technology(emails, phones, skype) allows you to communicate properly through an accountant eventhough he/she may not be in the same city as you.Florida does not have a state income tax.