@Juan Alvarez Here are a few books that I found to be extremely clear and helpful:The Book on Rental Property Investing by Brandon Turner (BP Book.

I'm having an extremely difficult time finding current multi-family units in the area and may resort to this strategy if it's practical.Thank you in advance for any advice. 

Or even other local investors - anyone who doesn't have a vested interest in the sale should be able to give you honest advice. 

@Mike Verna  I'm honestly not sure on the closing costs for the blanket loan, since I don't really deal with those, however I would imagine if you're buying 5 different houses from 5 different sellers, you'd still have 5 escrow and title fees, and each property would need it's own title policy. 

The older homes, that were built in the 20's and 30's down here were built using dade county pine which is an extremely hard wood more resistant to termites and rot although those houses obviously were not built with all the current hurricane strapping, tie downs etc.

Honestly, the reality is that they get overextended with projects and can't cover them all.

But there are some genuine finders still out there.To be honest though you can do it yourself.

I'm so happy to have started this journey and I'm extremely grateful for finding Bigger Pockets.

Hello All, I have been extremely passive investing in real estate over the years turning all the houses i lived in from different duty stations into rentals for the most part.

[/extreme nerdism]