The key factor is physical presence, which, as you mentioned, requires being in the U.S. for at least 183 days during the calendar year.However, it’s essential to note that the substantial presence rule can apply to foreign property owners who spend extended time in the U.S.

Patience and flexibility will be essential in this market.Key TakeawaysPalm Beach’s market is adjusting, but it’s far from stagnant.

Moving forward, setting firm boundaries in negotiations is essential.

I essentially try to buy a BRRRR type property and fix it up but never refi.

Essentially, being conservative, 75 units at $200 net profit per door gets you there if multi-family is your only investment. 

Essentially, I put myself on a budget plan where I take the annual cost of utilities, divide by 12, and transfer that amount +10% every month into the utilities account.

This is an essential tool for anyone buying a tenant-occupied property. 

The majority of that time I was using it for personal gain, buying properties essentially for myself. 

Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, hence the i/o payments, in addition to having a strong value-add element.

I can not imagine you'd get a permit with "just a box drawn on the site plan".....nothing showing plumbing, electrical, structural elements, etc. meet building code.