If you have a mortgage on the property, not repairing might not be an option, and than there is ordinance compliance, that could create issues with leaving the property abandoned, may require rebuild or site clean up.    

In assessing the use of equity you must also understand that due to the opportunity value of cash buying cash flow with equity to create artificial cash flow is extremely expensive.

Yes Robyn - we have access to this category in Florida - and they are typically 'off-market' deals... we can narrow parameters once we get to know each other better (matching goals to available properties, and creating a strategy.)

If that were the case then it would create a race to the bottom of who could sell first, Especially with prices out here being inflated.

Instead, implement your strategy and create your luckdont' sweat being canned.

What I mean by this is that everyone is hell bent on not paying any taxes and instead investors find thousands and thousands of dollars of expenses on each property, which creates a loss on your returns.

It took a while to figure out what the issue was, but Zillow had taken my Unit 1 listing and combined it with an old Unit 2 listing and created a completely new listing that has never existed - and both of our photos were right there in the fictitious listing.

The cost is that you need to pay to create an LLC and keep it active yearly.

In exchange you will create a note where the property is the collateral for the loan and pays an interest rate.

However, THE DEVIL IS IN THE DETAILS, your path is correct, it's the small stuff that adds up and creates bad deals.