Initial Costs

Company Formation and Registration in Florida: $500 USD (one-time fee).
ITIN Registration (for the owner): $500 USD (if not a U.S. citizen).
Annual Income Tax Filing Fee: $500 USD.

Annual Costs
Company Registration Renewal (annually): $400 USD.

Legal Costs
Attorney: Paid only for property purchase or sale transactions or when legal advice is needed. Specialized in title issues.

Property-Related Costs
Property Tax: Paid once annually.

Before Purchasing the Property:
Inspection, approximately $500 USD (one-time fee per property).