I still need to do a deeper dive, but the ownership structure was one of the external factors that I was thinking about.  

If we rent the unit at $1,425, I have an estimated monthly cashflow of $302 (rent at $1450, cashflow is $325) I DO include vacancy, repairs, and cap exp in my Box2 Expenses.

To determine price range, the first step is always figuring our how much you are pre-approved for; and that can vary significantly when you are looking at multi-unit properties because of the additional variable of rental income that can be included in qualifying.

These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.

Thats $7700 a year NOT including my accountant/Tax prep. 

Once you become licensed you subject yourself to all the laws required of licensees, including the requirement of broker supervision.

How much land is included?

Keep in mind, though, that each lender has their own criteria for how much future potential they’ll factor in, so it might come down to some skillful negotiation and presenting detailed projections that don’t feel like puffery.Just be careful not to come off as overly speculative…lenders tendd to shy away from what sounds too good to be true.Anyway, I’m curious.. have you spotted any other investors in Gainesville facing a similar refinance puzzle and what kind of terms were they able to secure? 

The biggest factors, from what I can tell, are age and rebuild cost. 

ON THE OTHER SIDE, the liability and cost of fencing it in, as I would need to do, is a huge factor...