They don't get involved at all with booking or essentially anything with the guests other than emergency repairs or some other issue I can't handle with them.

Patience and flexibility will be essential in this market.Key TakeawaysPalm Beach’s market is adjusting, but it’s far from stagnant.

I essentially try to buy a BRRRR type property and fix it up but never refi.

Moving forward, setting firm boundaries in negotiations is essential.

Essentially, being conservative, 75 units at $200 net profit per door gets you there if multi-family is your only investment. 

Essentially, I put myself on a budget plan where I take the annual cost of utilities, divide by 12, and transfer that amount +10% every month into the utilities account.

This is an essential tool for anyone buying a tenant-occupied property. 

The majority of that time I was using it for personal gain, buying properties essentially for myself. 

Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, hence the i/o payments, in addition to having a strong value-add element.

I can not imagine you'd get a permit with "just a box drawn on the site plan".....nothing showing plumbing, electrical, structural elements, etc. meet building code.