@Vladimir OsipovNow is a good time to buy, are you looking to build in your area or go out of state? 

Many out-of-state investors look at Ohio to grow and build their portfolios.It's a growing, landlord-friendly market, and certain cities/pockets provide strong cash flow.https://spectrumnews1.com/oh/columbus/news/2024/01/08/cleveland-columbus-cincinnati-top-10-hottest-markets-https://www.cleveland.com/news/2023/12/ohio-town-ranked-no-1...https://www.fox19.com/2024/02/13/cincinnati-ranked-no-2-by-z...

For you, choosing will be based on different things such as how steady the area is where your property is, your plans for investing over a long time and the state of your money matters.

The reason I am looking at new builds is because I never done out of state invest, hopefully new builds give me less stress...:) With all that being said above, does that sound do-able?

Hello everyone,I have reviewed a CAR property management contract with a company and they have 5% written in the line that states “ an overhead and service fee added to the cost of all work performed by, or at the direction of,  property manager”.

As Sasha stated, that is at least $75k you need to bring to cover your current debts alone, plus closing costs on top of that.Leave the $280k @ 4.25% in place and find some way to pay off that construction loan. 

The intent of both parties in the contract is as stated.  

You are starting a new lease with these tenants, so basically you can charge whatever you want, including pet deposits and pet rent (assuming its legal to do that in your state), and increase in rent (again, some states limited how big of a % you can increase it).Its the balance of increasing it closer to market and protecting yourself for eventual damage by having pets in your units vs inducing a vacancy and starting over.....which can be scary but often its a good thing when you take over someone else's tenants. 

Florida is a fantastic state to get involved with, especially for STR.

I'm looking into 1031 exchanges for a few of my properties and was hoping to find a qualified in the state of Florida to ask some questions about this program.