1st Time Investor looking at duplex unit in Lehigh Acres FL
The unit was built in 2006. The management fees are around 10% . The land here is pretty cheap , around 4-6K, and lot of vacant land in the area, so wondering if it has any growth potential . In terms of cash flow , the numbers do look good.
Can I finance a duplex unit as a secondary home , given I live in NJ and this property is in FL.
Any thoughts or tips would help a great deal, as I am investing for the first time and this is a remote investment.
Thanks in advance !