We have some properties with only street parking that get booked regularly.- I don't see the patio situation or the park across the street being an issue.

In my opinion, good sponsors communicate regularly (and at a minimum are sending yearly financials and quarterly updates). 

If you do end up going the regular rental route and want to self manage, check out evict.com which is one of the premier landlord/tenant attornies in the country.

You can if you want, but if this loan is from a well known, licensed, reputable lender, then its similar to getting regular mortgage.

And they'd be able to use the additional depreciation to write off regular income and save about 5k on their taxes.So what is the real return on their 95k investment. 

But a clogged toilet that's because of regular wear-tear over the years?

My regular pest guy didnt do termites, few in our area do. 

It is only for the period of time that you need to acquire the regular commercial loan and pay back the HML, what are usual terms and rates for HML?

I am not in Military so my knowledge of Va is limited based off how long you have to live there, if you can refinance into regular loan later on once you have some equity etc.

I had 125% inputted for Repairs and maintenance, 75% for Vacancy and 125% for Capital Expenditures 😅 just switched them all to regular percentages and it's now showing negative $1,030 cash flow with $3,530/mo expenses.