Florida'slack of state income tax, no rent control, and stronger cap rates (5–7% in many markets) is making it anatural landing spot.A few patterns I'm seeing:- Most NY sellers are not aware of the 45-day ID window until it's almost too late- Many don't realize they can identify up to 3 replacement properties (200% rule)- Fort Lauderdale, Dania Beach, and Pompano are getting more attention as alternatives to MiamiproperCurrent example on the market: 1202 NE 3rd Ave, Fort Lauderdale — 5 units, $1.22M, $8,800/mogross.

It is a tax advantaged asset class you can control with very little of your own money and it's hard to break the need and model.

Florida'slack of state income tax, no rent control, and stronger cap rates (5–7% in many markets) is making it anatural landing spot.A few patterns I'm seeing:- Most NY sellers are not aware of the 45-day ID window until it's almost too late- Many don't realize they can identify up to 3 replacement properties (200% rule)- Fort Lauderdale, Dania Beach, and Pompano are getting more attention as alternatives to MiamiproperCurrent example on the market: 1202 NE 3rd Ave, Fort Lauderdale — 5 units, $1.22M, $8,800/mogross.

There’s no true mechanism to “transfer” bookings to a new account.On Airbnb, the cleanest solution is for the owner to take control of the existing account and remove the outgoing PM as co-host.

The reaseon is for peace of mind and Liability control.

I wanted to share a deal I’m working on because it made me realize you can sometimes enter a BRRRR-style deal by buying the debt instead of the property.Here are the numbers:• 3 bed, 2 bath single-family home in Michigan• Non-performing mortgage acquired through foreclosure• Unpaid balance: ~$95k• Purchased the note for ~$60kAfter stepping into the position of the note holder and completing foreclosure, I now control the property.The plan now looks very similar to BRRRR:• Rehab the property• Stabilize it with an occupant• Potentially refinance or sell once stabilizedGoing through this process made me realize how much easier deals could be if sellers could see real buyer interest signals up front, so I built a deal intelligence platform that helps sellers close faster by identifying active buyer signals around note deals.If you’re a note investor or BRRRR-e, DM me, I’m giving early access to anyone who wants to check it out and see how it could help speed up your next deal.

We usually negotiate a renovation budget into the deal which increases the monthly rent payments and the final option price but we are able to control a property with little or no money into the deal. 

One was for a toilet that she said wouldn't flush (turns out she wasn't allowing the tank more than a few seconds to refill) and one was for the unit being too hot (in a building that has a central plant system, meaning the entire building is on either a/c or heat and individual units cannot control their own heating and cooling).

I have been very successful in rent control markets.  

There is not always another clean reset opportunity.Wealth is built by controlled leverage, not constant leverage.If you cannot comfortably carry both properties and all debt through a bad 6 month stretch, you are scaling too fast.Strength first.