I'd think what you need is a CPA or a very good accountant, they are more of the experts in the use of funds and sources of funds than a financial planner who leans toward estate planning. 

There are plenty more resources you can find under Education from how to's, blogs from our experts and podcasts.

Be prepared for it is the conventional wisdom and I think that is extremely good advice.

What do the experts think?

(Incidentally, dividing purchase price by gross rent - the inverse of what you were doing - is known as Gross Rent Multiplier or GRM and is very similar to looking at per-unit cost - an extremely rough way of comparing properties.)

It is nice to know that when your circumstances change, your CPA will be expert enough to realize the change and know the best way to handle it (think of it as insurance).

You are right @Bob Romano Cap ex is extremely important to consider.  

Hi JaredI was surprised you didn't get any responses as well.I'm not an expert and I don't know anything about Florida but I was curious about your question.  

.) = 529 x3 months (March, April, May)$3456: Interest only HML payments ($92,160 @ 15% / 12 = 1152) X 3 months$ 1137 Dumpster fees x 1 month (10 yard dumpster @ $379 flat rate per 10 days)$ 3500 staging fees x2 months$20000 Rehab (extremely conservative estimate, actual cost pending)$5000 Possible Repairs (extremely conservative estimate, actual cost pending inspector report)$300 City Water, trash, sewer (@100/mo)$900 Electric ($300/mo)$84 HOA (@$28/mo)$300 Lawn mowing ($100/mo)Selling Closing Costs and expenses = $19,380$ 7140 (3.5% of ARV)$ 12,240 (6% agent fee)Total Profit = 204,000 – 169,217 = $34,783 (before taxes)

It's clean, wears extremely well, and is easy to or down.