Any reason you recommend tenant turnover in the summer?

If cash for keys of a reasonable amount would of worked I imagine the previous owners already would of had them out.

The only reasonable explanation I can find is they are supplementing with J.O.B. income, or perhaps living off the excess borrowed funds..Some part of their story is missing.

It’s legitimate but now you’re in a business where the operator might choose to lease a BMW through the business and you would prefer (for obvious reasons) that they lease a Prius.

We will make 80k-100k profit off the house.I'm not very knowledgeable with tax information but if we sell the house post 5/20/18, is there any reason I couldn't claim the capital gains exemption?

It would all be most likely be financed..what would you say is a reasonable budget for South Florida for good ROI?

His reasoning was as follows:He wanted to be able to have $1 million in real estate debt and be able to service that debt possibly without any positive cash flow..

If the meal had a business purpose, then there's no reason why you couldn't deduct it. 

Thanks for the responses.The reason why I'm asking is I was thinking about developing an App for this as well. 

The only reason that I AirBnB my property is because I actually live there part of the year.