If we all had a dime for every new investor who said they had a plan to close 5 in 5 years if you just help me now, we would be so rich!

Hello Katie,    I am planning to travel soon to South Florida, West Palm Beach area.

If you're planning to hold this rental for long time replacement is your best course of action.

And financially, I'm good to go with a 20% down payment, 80% loan, and all that jazz under an LLC.So, I'm about to close next week, and I've been looking at commercial properties, specifically 5-8 unit ones. 

You can buy under that limit if you plan to use all cash, and it seems to work pretty well. 

Zillow is not attending planning, commissioner, economic and development meetings in each town or county.

@Gulshan D.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Plans have been submitted and we are probably less than 30 days from getting approved.

Yep I plan to just update everything since it's hard to see and built in the 1950s.

It sounds like you have a solid plan in mind for getting into real estate investing.