Lenders like us are usually going to require some experience doing the types of projects you plan to do.

So depending on which of those you see as a benefit, you'll likely prefer one or the other. 

Being a tax professional I would say currently it doesn't sound like something you need just yet.

But it was like dealing with the mafia.

I know rates have dropped a decent amount in the last week or 2, but based on what i am seeing/hearing about rates likely to continue dropping, wondering if i should hold out??

I like the idea of starting local since I know the Miami Beach area well, and buying a studio like the one I’m renting feels like a safe first step, so I’ve been looking at similar properties to what I currently rent online and running numbers.

Hi Ellen, typically, to claim mileage deductions on your taxes for travel to properties, you would need to either own the property or it would need to be your job, like if you were hired as a property manager.

For a 40 unit in my market, you likely need $100,000 to $200,000 of available money to get started.  

IE. if you buy cheap area you will likely have tenants who are not able to pay top dollar etc. 

There is so much content and to have it spelled out like this is simply amazing.