I'm thinking of investing in a property in Miami (Edgewater area) for short term rentals.

I think DocMagic will work for that as well, but I had heard there are some better programs for private money lenders.

You might be thinking, OK, $17,000 - not bad?!  

Hello Eric,I don't think this will be a DSCR loan property.

I think we're saying the same thing and possibly just have different definitions of broom swept which is fine.

Figuring different taxability levels in a 1031 exchange if you're thinking of a partial exchange is perfectly straightforward. 

Looking for a property manager and think I have found one but wanted to make sure his fees are in line with the norm:9% of all rent collected.$100 placement fee when securing a new tenant.10% markup on all vendor contracted maintenance and repairsDoes these numbers sound like they are in the ballpark for Midwest/Indiana? 

As others have said above the thing that I think they will be most helpful in is keeping you updated with the changing laws and local ordinances. 

I don't think finding an agent to advertise it as a "handyman special" on MLS will be fruitful.

Always have a cash reserve on hand, maybe twice what you think you'll need.