Enter the internet, an abundance of information like the world has never seen. 99% of what a real estate broker provided in the past: access to MLS, understanding of market prices, ability to walk a client through the buying process, are no longer strictly available to realtors.

The rules for an FHA are much more strict. 

As someone that house hacked a side by side duplex for 2 years, keep it strictly professional with the tenant you live next to.

We lend strictly to an LLC, it is a no doc loan and we offer a 30 year fixed rate loan with no balloon. 

Is it just strict calculations? 

Cause it sounds like you're probably going to go negative if you hold as strictly a rental for any period of time. 

The best ones develop strict in-house policies to send custom responses back and bring up issues that multiple people have asked about straight to the member.

I want to start in Florida, so should I create an LLC in Florida strictly for my lease options?

However, strictly speaking about wholesaling, I'll avoid any deal from a wholesaler that I've found to be using unrealistic numbers to analyze a deal.

It is REALLY difficult to make money, or even come close to breaking even at those rates.Even ignoring the STR market and going strictly LTR is generally not a good idea.I have talked with *many* locals over the last two years that think they are making good money.