The potential ability to add 6-8 additional homes (to rent or sale - still evaluating options), under the new building codes to help spur more housing is the most intriguing thing about this property.

A lot of the STR management companies have contracts with companies to house their employees when they travel for extended periods of time.

Utilizing Francisco's local market insights, we quickly evaluated the property's potential.

@Tim JohnsonThere are essentially two ways (and a few variations) to purchase this deal, depending on how the owners are selling it:As a going concern:  In this instance you are buying the business, so it is the business you evaluate: assets, liabilities, revenues (historical: 3 - 5 years), operating costs (historical: 3-5 years), future financial projections, goodwill, etc.    

I actually do a lot of relocation business with Lockheed and have helped with a lot of employees transferring in and out of Orlando.Best of luck!

Maybe new employees will live in the island 

Follow a structured plan to get pre-approved, work with a real estate agent, and evaluate properties.Good luck!

Portfolio loans could be based on that too but mostly they are based on the rental income method of evaluating the value of the property.Lending to an LLC – Conventional loans must close in your personal name.

It was called “Evaluator” by PropertyTracker.com Not sure if that app has been updated in a while but I still use it.

Does anyone have some baseline home owners insurance numbers that I could use for my evaluations?