It also provides Builders Risk coverage for the addtions and alterations as they are incorporated in the building. 2.

In Metro Atlanta, that translates to maybe a $90-120K acquisition that might rent for $1200-1400.Sadly, Atlanta real estate these days is like a mosh pit at a thrash metal concert, so I'm off looking elsewhere for numbers like these.

So does altering the property in such a way that it wouldn't be eligible for new FHA financing in the future cause a problem? 

Would just altering my current management agreement to include items like financing, profits, and a clause on ending the partnership possibly make the most sense?

That's a big return to expect all at once, but over time, very achievable. 1st thing to do is figure out how many units that translates into.

Aside from the difficulty of communicating via google translate, its working out great. 

KIDDING(kinda)If you have an interest in joining the military the skills and discipline you will learn during your service will translate over to real estate very well. 

During an inspection on an egress window, we got accused or altering a wall arch we'd opened up and rebuilt due to water damage and issued a stop work order.

This is without the interest only option as I run my criteria on base numbers before altering the strategy with tweaks such as IO.

Unfamiliar with this situation, I am looking for advise on how to make a concession in the contract to allow for the theft, unsure what happens if they back out and leave me a heavily altered house.