Purchase price: $726,000 Cash invested: $1,300,000 Sale price: $4,500,000 We are developing a 4 story a luxury Duplex.Property is primed for short term rentals with conservative estimates of ($40,000-$50,000) per month.

Hello, thank you for your response. my main goal is financial freedom, I own a corporate training business and have been able to save money, but now I would like it to start working for me through smart investments.

Apartments.com makes money by landlords paying to make their rental listings "premium" to get bumped up in search results.

I've heard that the Sarasota County is in need of money (and that's the reason AirBNB deducts taxes and directly passes them to the County) - how strictly are those rules enforced? 

Your best bet is the highest money down conventional you can do.

I am not sure I fully appreciated the scale of risk as I was not aware there are daily fines associated with class B violations.Following closing, I reached out to an expeditor I was recommended and the guy basically took my initial money and did nothing and then stopped responding to calls/ emails - finding nobody will work in NYC without money up front is hard.

Even if you do, those that lend using a note as collateral will charge you hard money rates.

What is the best tool you use as a real estate entrepreneur that would have saved of a lot of time and money at the beginning of your journey?

Given that you'll be moving states and living in it as your primary for a couple years, I would finance as much as possible using a purchase money first mortgage.

I have partner 50/50 with new flippers, but they put half the money into acquiring the house and repairs, and I pay the other half but I use my crew to do the flip. the other person needs to have skin in the property otherwise, I just pay them a wholesaling fee.I recommend starting by using a hard money lender, as they will take risks when someone is new, and they won't lend you the money unless they feel confident the deal is good. so you are confident you can be successful.you may pay some hight interest rates, and points, but at least you know you may make money at the end