Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $271,000

Cash invested: $30,000

Duplex with 1 bed, 1 bath in each unit + 3 car garage in a great neighborhoo...

We are closing on a 2/1 condo tomorrow with a small fenced backyard and a metal storage shed.

However, our research indicates that many DSCR lenders require Florida properties to be held in an entity.Are there any DSCR lenders that offer loans for properties held in a personal name?

Quote from @Marc Zak: Anyone have experience on the issue of getting insurance on a property held in an LLC?

@Dallas Smith To defer capital gains on your investment property, a 1031 exchange is an effective strategy, but the replacement property must be held for investment purposes for at least two years.

It's an asset that will continue to grow as more and more people and institutions begin to adopt it as a safer hedge against inflation than precious metals. 

I love how you mixed the metals too.

The other part sounds like it was a rehab and now held for sale, which does not qualify for 1031 Exchange treatment. 

I just bought it in the fall and am trying to complete a bunch of modifications during off-season (e.g. metal roof, certain safety features, treating the deck, possibly updating the fire pit area, etc). 

We had to bring the 1925 house to 2023 code which involved un-installing 26 windows that were already nicely installed (in appearance) in the house, reframing them to 2023 standards (at the time) which also involved strapping the bottom of the wood framing with metal straps (mind you this all after we had already completed the inside renovation).