Great question.

You can time renovations, leverage cost segregation, and even qualify for active participation if you manage more closely.Turnkeys are fine for simplicity, but they’re not always the best from a tax efficiency standpoint unless you have other active real estate to offset the income.

Answer those questions, and then I can form an opinion about the appraisal from that info. 

Since you live in Florida, which has no state income tax, any rental income you earn in Florida won't be taxed by the state.

Great question, Jay.

Your going to add side hustles to increase your active income.

Jacob — great question.

It is commission only, but I have heard a lot of direct lenders do a draw for income, and then they take it off your closings.

That means more than just replacing your current income—you need an income stream that grows faster than inflation to sustain your lifestyle indefinitely.

So my question is where's that line between a genuine initial offer and an insulting lowball offer?