Sometime I run what are most likely irrational scenarios in my head about what COULD happen and the liquidity of the stocks makes me feel better.

John Banjak (Banjak & Associates) is fantastic!

Security Deposit in our case is one month's rent: $2,000Upon hearing our breach-of-contract request, the PM stated, "We are holding you responsible for the full term of the lease including and not limited to all rents , collections fees, broker fees , legal fees and any fees associated with the breach of your agreement.   

My Realtor association provides market stats for every chicagoland town with year over year trends.

My Realtor association provides market stats for every chicagoland town with year over year trends.

Since I'm in a holding pattern until we move, I've been researching the BRRR method, listening to the podcast, reading posts on the forum (most of which are over my head right now) , and attending the webinars.  

Hey Sam, You've hit the nail on the head with saving money on insurance.

The deal was over my head at the time but all I asked in return was to keep his phone line open if I needed his help in the future if I needed mentoring. 

I never dealt in Miami, but if Supreme Lending has an office near you, that would be a good place to start, we used them in Palm Beach county.A couple of observations though:STR’s in Miami Beach are Highly regulated, permits required, Most condo associations do Not allow them and the ones that qualify for str’s are highly priced.You are going to need at least 25% down, along with closing costs and any rehab money will most likely be out of pocket for an investment property.Many of the condos that you can do this with will be in buildings where the unit does Not qualify for traditional conventional loans, due the higher percentage of rental units verses the number of owner occupied.  

That way, the seller can deal with any drama associated with it.