the $700 probably does not even cover maintenance/cap ex on 2 units at smaller unit count pricing.  5% vacancy/no payment is $230/month.  

Work to manage the asset (even if you hire a property manager).Here's a quick example.

Can do 15 or even 10.

I offered to have all the suspect insulation removed and proceeded to do so but the buyer backed out anyway, spooked by the word "asbestos" which isn't even a health threat unless it's disturbed and it was in the crawl space, not a livable area of the home.Next contract, the inspector brought the code book and proceeded to list numerous nit-picky issues that were totally different (apparently missed?)

Next deal like this I'll probably just double-double check that I have more cash ready to go than needed, even when the lender says it's all good to go.

You would think properties like those would be snatched up before they made it on a site like that if those numbers were even close to being accurate.

It could be as simple as I want to learn about MF and gain that experience and break even.

I'm doing all our projects in Columbus Ohio but just relocated to miami. we do multifamily and mixed use development and entitlements I'll shoot you a PM. even people in miami that I meet the numbers are tough unless you do a high density proposal and are very well capitalized. 

Even if you take a loss on your investment by getting out, it's probably better to part on good terms than having to lawyer-up.  

When you subsequently transfer the title to an LLC within the same year, it will typically trigger another reassessment.This means you are likely to face two property tax reassessments: one when you close under your name and another when you transfer the title to the LLC, even if both transactions occur within 30 days.