So that would have been very challenging with an occupied unit if you plan to do that, but perhaps your market is so hot, that fix up may not be required.

The place where you will have a challenge is the transfer tax statement document.

Mostly interested in costs and processes of registering a rental property, obtaining/maintaining lead certs,  or any other cost or challenges that an inexperienced potential landlord may overlook before jumping in.Any information that could be provided would be greatly appreciated.

Hi Edward,I'm here in Silicon Valley and looking at the same challenges as you.

We had to go ahead and sign as this property and situation was quite unique where the owner HAD to sell for health reasons.

I will say single bedroom units and studios can be a challenge to keep rented depending on the area, but the closer you to desirable things the easier renting a cardboard box becomes.

Hmm this must be a bug unique to you.

I am looking to invest in Fort Lauderdale to Kendall area, but as a Non US resident there are a bit more challenges but hopefully I will be able to get good feedback from this forums.Wish you good luck and hopefully we can exchange some experiences.Good day to all of you!!!

If you can find legit buyers that will be consistent I would challenge that goal to 5 to 7 that month. 

Learning is great, but actually going through the process of investing can be challenging.