Our concern is all the items that are subject to buyers approval.

I wrote an entire post on this subject for Bigger Pockets that you can read if you like HERE. 

In the state of Florida, my understanding is if you have less than 5 properties and it's owned personally, you are not subject to civil rights requirements since it's your personal property.

I know these numbers are very subjective but looking for any rough, average numbers you guys commonly notice for a basic rehab for a rental property. 

So i'm pretty new to the game and should be removing subjects on my first deal today.

Any advice on this subject is most welcome!

@Leo MyattThis is a subjective question because every investor has a different skill set and goals.

Folks - for those of you making investments in passive real estate (syndicates), I'm guessing the living will take care of any distributions, etc if one were to pass away.

It's possible the CPA actually said or meant: the unit you moved into is subject to the vacation rental treatment. 

Early distribution would be subject to penalties plus you have to pay ordinary income tax - not a wise financial move!