Then, you’ll pay the agent (say 3% for the sake of argument, $5,400, since they’ll be doing a lot of work for you on this - I’d order that prelim/TRIO with my escrow company, and help you find lien records if any, plus provide all the contractual guidance to make sure you don’t lose your earnest money).

you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet. 

Is there anyway to buy land without you being in person besides a real estate attorney or title company?

They'll take pride in working for such a reputable brand, and you can bet they'll be fired up to achieve the company's goals. 

We are in the process of building a property management company, does anybody have a simple Property Management Agreement you can share with me? 

Estimated Market Value: $290,000 to $330,000One of the most satisfying aspects of this investment is that the duplex is now operating at break-even, and we managed to secure it at a 10% discount below market value, showcasing the value of strong relationships and strategic decision-making in real estate investing.This deal exemplifies the importance of being adaptable to market conditions and leveraging existing networks to uncover hidden gems in the real estate landscape.

The likelihood that a PML lends on a deal with no capital invested by the investor is rare and get even worse when you start using strategies like OPM and the like as these deals are usually over-leveraged and can lead to serious repercussions for those that have that "skin in the game".

The LLC formation combined with operatring the company in accoordinace with the operating agrement & appropriate funding to present itself as a viable business is what's needed.

I'll reach out to my company, as well as several other lenders I've worked with and see if I can find something!

I also own a property management company in the area that manages all of my rentals and the houses and apartments of our clients.