Construction and heavy reno will create/reveal problems you didn't know existed, have a healthy contingency and stomach.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Is an interest in a DST (Delaware Statutory Trust) considered real estate ownership or a security in Florida? 

I am assuming you closed through escrow, used a standard real estate contract and met the deadlines described in those agreements.

Getting into real estate investing has been on my mind for a while now.

I'm Doug from Brooklyn, NY, passionate about real estate investing for a few years now.

The idea of using real estate professional status and then protecting those assets in an LLC which is owned by some other more fancy asset protection structure is nothing new.

Purchase price: $453,000 Cash invested: $80,000 Personal property and first real estate deal I did as a realtor

My name is Sheila Richmond Young, and I'm new to the real estate industry.

Consult with a real estate attorney and a tax counselor to determine the optimal transaction structure.Good luck!

@Doug Webb for commercial class residential (5+) units, the general guidance you'll get is that you should be taking possession via an LLC, as there are no real advantages to not doing so besides the minor overhead of forming and maintaining the entity.