It sounds like you've seen it before and your familiar, so just pull the trigger.

I believe, I should start out with a lawyer reviewing my contracts, and I have gotten some referrals here for that as well.It is TIME for me to pull the trigger.

I personally run a best, worst, and average case scenario in terms of gross income and expenses and then make sure I can stomach all scenarios before I pull the trigger.  

A 25 year flood zone will trigger flood insurance for sure and is a big warning light. 

There are just too many follow-up questions that need to be asked, and too many possible solutions that then trigger more follow-up questions.

Hi everybody,I have an opportunity to put my first deal together and it happens to be a duplex in my old hometown.  Its very tempting yet it doesn't meet the usual standards that I have been reading everywhere (1-2% r...

Do they have all the FL business licenses and can they show minimal compliance with Florida mortgage brokerage law? 

We are not ready to pull the trigger yet, so are watching and waiting in the sidelines.  

They teach a basic understanding real estate concepts such as Title and Appraisal, and compliance with state law.A license will require $$ ($1500-2500) each year to maintain your license through Continuing Education and other fees.A license requires you disclose you are an agent to every potential buyer or seller.You can pay for your own MLS login.You can also pay yourself your own agent commission (after your broker gets a cut)You can represent others in their deals.A license is a state sanction that allows you to put together real estate transactions "for another" and to receive a commission.

These would need to be known and plugged into my spreadsheet (J Scotts downloaded from this site) before pulling the trigger.