They had over 6 months of delay planning and implementing ground water mitigation to keep it from just dumping in to the lake.

Below are the details:PurchasePrice: $177kCash to Closing: $22kRehab Budget: $60kInterest Rate: 11.25%, 12-month term, interest onlyMonthly Payment: $1,659-$2,175 per budget usedBoth realtors are advising me to rent the house to minimize my losses, but I’ll lose about $200-300 per month with a max $1,550 rent.

( Note: Using Va Home Loan to buy Multifamily and will live in 1 apartment for 1st year ) My Goal: With this 1st Multifamily ... goal is cash flow and appreciation 1) Considering Orlando area, but What areas of Florida should I consider buying my 1st 3-4 family house and why2) If you were in my shoes as a 1st time multifamily investor what steps would you take to minimize costly mistake & maximize investment 3) what book do you Recommend to read as a 1st time Multifamily Investor 

Why do you want to minimize the power of your cash?

By doing so, I can maximize the returns from each deal while minimizing costs associated with marketing and due diligence.

with turnkey, you're going to be taking minimal cash flow and splitting it 3+ ways? 

If they receive Section 8/Belmont/etc, there may be a delay or further review to the increase.

Your PM should be doing all that for you - now with that said, there are some delays in MI for evictions, or there have been some. 

If so, the numbers do not reflect delays that occured prior to the property being listed (i.e. actually getting it ready to list, which is where most of the struggle often lies). 

I would either look for something turnkey or one that needs minimal work like paint and flooring, updating light fixtures and small things like that.