I was told that it was not covered because I should have gotten a land survey during my due diligence period and that the policy covers only the land it describes.

Is there any room to add value to justify an increase in rents, or do the recent updates pretty much cover rehab and rents are at the ceiling of FMR?

This property was purchased in 2006 for $60,000, and $49,500 wouldn’t cover it??!!

@Gabe G. do you know anyone a little south of you that would cover this area?

Basically, if your property is damaged by a storm big enough to have a name, you're covered. 

I assume the operating agreement can cover multiple LLC's that do the same business type?

Soooo long story short, if your goal is to use the property a decent amount of time, you will at least break even & cover ownership expenses with short term rentals (possibly make a few bucks). 

If they're on disability and don't have a job or a large volunteer commitment and they're not obviously physically disabled, get a full confidentiality release of their mental health history so you can determine if you can cope with having them as a tenant. 

The way the opportunity zone tax code is worded now is that if the investment consists of a mix between capital gains and cash contributions then only the portion relating to capital gains will give rise to tax benefits (i.e. pro rata treatment, cash contributions would dilute the benefits)If you have any support for the post tax cash investments being allowed let me know!

I have two differlend loan terms for the two propertiesProperty #1 - 3points 12% covered 100% purchase and 100% remodel (up to 70% ARV) 6 month term Property #2 - 2 points 10% covered 90% purchase and 100% remodel. 12 month term