No idea of what DBPR says, but I'd bet there is more to that "equitable interest" as is common for all states:Reasonable down payment*Buyer having an intent and ability to perform as agreed, to hold an equitable interest under a contract the contract must be binding, not voidable.

I assume you'll self-managing when you move out so also a safe bet is to make sure it cash flows with management thinking about the future so when you grow or no longer want to manage you still have positive cash flow. 

If you have to LIE, there IS something wrong with your business model.I bet you are smart enough not to fall for the tricks others promote.

Ask any renter in the city if they are betting on rents falling over the next few years.

Plenty of people in the area...your best bet is start going to your local meetups (www.meetup.com) and start connecting with people face to face.Best,David B

Any recommendations for a great and trustworthy attorney to set up an LLC?

We also figure for snow load too which I bet you don't have to worry about in the desert :).

I would bet (if I was a betting man) you spend too much money on things you shouldn't and don't pay yourself first (savings)?

And I bet if you make someone some money they would be willing to lend it to you again! 

Is this a lot of work - you bet.