Restrict that "cost" to the DP. 

The banks in USVI are VERY risk adverse resulting in major processing costs and restrictions that are costing us money. 

🗺️Where to find off-market properties:- InvestorLift and any other wholesale aggregator- Make connections with local wholesalers at REI meetups or on Bigger Pockets- Most investor-focused brokers are plugged in with wholesalers and do their own monthly direct-mail campaigns and cold-calling.

Linda  I dont bother, most of these including mortgages are wiped out when tax deed issued as long as county does proper notifications.Nobody ever writes about restrictions, reservations and easements of record surviving a tax deed sale. 

Otherwise, the residential use regulations of the most restrictive adjacent residential district apply. 203.1"For CMX-1 it depends on what the adjacent properties are zoned. 

Due to the university, the ordinances are pretty restrictive.

Alex,We just wrapped up the first sale of a completed +5 unit ADU project with deed restricted ADUs in Serra Mesa.

Could care less if it's a STR-restricted area too and they have a license or not, you still don't pay a premium. 

Also there is no seasoning for time needed to move into an LLC, there are just seasoning requirements on cash out refinances, but most lenders have no restrictions on these after 6 months.  

2) Agent calls about fixer-uppers BEFORE they hit the market.Challenge will be getting them at the right price, w/o insulting the agent.If you have the time or funds to hire someone to do it for you, suggest you setup Constant Contact or similar program to send monthly reminders to agents about:1) Your repair services that save deals2) Post 1-3 success stories with quotes from agents you helped - because they all know each other3) That you are looking for fixer-uppers, with some loose buy-box parameters (don't be too restrictive or you won't get deal exposure)You can then add every agent you encounter.It will take 3-6 months, but will eventually snowball if you do good work.