I am based in the Tampa, FL area and looking to connect and build relationships with the community to learn about this exciting space and hopefully be able to contribute some day. 

As @Gina Tse-Louie mentioned above, i would make sure your PCOR was filed correctly with the county, and checking the "parent to child" box in order to hopefully avoid a property tax re-assessment. i have a client currently going through this now and it is quite the pain to unwind (we're still hopeful they will). better to prevent the headache before it becomes one, but i dont see it being an issue for your loan. 

HI Kalp,The strategy or buying something that negatively cashflows in hopes of a better or more lucrative future outcome can work for those who can weather the storm (IE reserves/cash/ other assets/rentals/apartments that offset this deal or you have long time horizon).With that said, I would generally not recommend buying anything that is negatively cashflow upon day 1 however there are obviously clear lines of delineation one must explore.

Hey all, I am about to put my house up for as a rental but I am still living in it, however I would like to get pictures & a listing up to hopefully start finding renters or at least see if there's interest.Can anyone recommend a website that I could potentially stage furniture with existing furniture but be able to add like a light on a night stand and remove person items?

So in total net -6k per year which I am gambling currently in hope of it will yield returns and add some tax advantages to it. 

But it should come with a caveat - BRRRR-R BRRRR a few then focus hard on REPAY - pay down the loan balances and increase real income/cash flow to support your next (hopefully bigger) move.

Hope this helps!

I'm hoping to gather insights from those who've walked this path before.Does this deal seem reasonable for a first-time investor like me?

She and her fiancee have been excellent guests in every way so I'm very hopeful the eventual turnover goes well.

Hoping to also find some in-person local events to attend and meet folks in this field.