@Justin PhillipIt sounds like you are considering a “land contract” or “contract for deed” —have a Real Estate attorney review it for you as your experience level in this kind of transaction seems minimal.

Using like kind exchange to avoid capital gains, my mom is my real estate agent so I get a break on those fees as well.

Hello Everyone,Although my message is long one, I would still like to kindly ask you to please, whenever you are available, read entire one.

This will almost always be too little to rebuild the insured property with like kind and quality.  

I don't reside in  Florida(but visit often) so I'd need the assistance of   a credible realtor or  savy investor to iron out the details . 

Make sure your place is well stocked, plastic wrap, bread knife, makeup removal towels, that kind of random small stuff is important to guests. 

I am very interested in the BRRR strategy and want to hone my skills on this kind of analysis, but am unsure about how to calculate repair costs with looking online and crunching numbers on the calculator.

We love it and anyone that visits is blown away by the look.

I'm from Bibb County, Alabama, but currently visiting Geneva, Illinois.

If everything moves forward, then visit when the work is being done or when it is done to make sure all is good, and if you are unhappy you should have the opportunity to end your pm contract and find a new one.However, did you say you only have the property under contract, and you don't own it yet?