You can bet your last dollar large REITS, banks and hedge funds are doing this.

With that amount of money for my initial investments, would hoping to generate 30-40K a year within five to seven years be a reasonable goal?

I have begun my initial research but I am sure I will be turning to your knowledge to gain more for myself.

I believe this would probably help with communication and with the overall outcome of the rehab because everyone's experiencing the same first impressions together, sharing initial thoughts with each other, coming to conclusions together, and forming the same rehab vision, but I'm not sure.

A lot of voice is given to the "don't bet on appreciation" idea here on BP, and I think 95% of the time that's good advice.

My guess (and this is really just a guess) is that they would have an initial instinct to pass on it, particularly if they could get one without the flood risk pretty easily nearby.

It might be cheaper than arguing and paying the attorney additional fees, holding up settlement and fighting over it.I'll bet the contract and norm is to transfer marketable title, insured title, unless stipulated in the contract, if this is a last minute issue I'd guess it's just the attorney, seeing if he can get away with it in representing his client.There is also another issue so far as financing, if your friend is obtaining a loan the lender will require a GWD being insurable as well, exceptions are made for institutional lenders selling as the property is sold by a corporate body arising out of a foreclosure, a different issue than buying from an individual.Make it a lending requirement for settlement and that SWD may go away.But, ask, are there any exceptions being made and why?

I know of Appfolio but their initial price is too high at $200 per month.

So your best bet will be to just call and talk to some lenders to find out what they can do for you.

And @Steve K pointed out that the government is now taxes the importation of building materials whereas a year ago they were allowing tax free as an initiative to bring wealthy investors back to the bahamas.