Just North of Spring Hill in Holiday or in Crystal River you can get a better bang for your buck but it all depends on your comfort level.I am over in Pinellas County by Madeira Beach/Treasure Island and 4 units over here are about the same $650K to $800K depending on year built and closer to the beaches.

Normally you will just need to pay the county to transfer the deed and the title company will likely charge a fee to create the quit claim deed.   

Cities and counties are constantly updating their policies, waitlists or processes and eligibility will likely be the key ingredient to desired usage.

I took on 4 buildings - 2 of which were highly distressed.

Your understanding of the depreciation recapture process is almost correct, but there's a minor error in your calculation.When you buy a house for $300,000, with $100,000 attributed to the land value, you have $200,000 allocated to the building or improvement value.

The sharks at the meetups will be obvious avoid them and build relationship with everyone else.

Assignor, Seller and Seller’s agent(s) do not warrant that the property meets any currentCity, County, State or Federal building codes, nor the presence of any and all outstandingor pending violations against the property.

My question is while I was looking on redfin, I found a big 14-unit buildings that is for sale around $3 Million.

If you go farther south in to Shelby county, prices go down.

The main thing you will need to do before renovating any house or building is to make sure you have a good team in place (an administrator or a licensed care home manager).