It will make that space nice and bright for the homeowner for years to come.Good Luck!

The commercial loan space continues to grow and after my recent experience I fully understand why.

How did you decide on Space coast?

I'm not a CPA, EA, or tax professional, but I appreciate the time and years it takes to practice in this space and I'm a firm believer in paying for good tax advice! 

I'd be happy to connect further and share referrals to others in the space. 

Their house is 2400 sqft; 4 bedroom, 3 bath with space in basement that could be an apartment or be used as a nice Airbnb; it's in a development with an HOA.   

I understand Google continues to push into this space and disrupt the online travel agencies, so the landscape might be changing. 

This determines instantly if a lender will touch it.Another factor: STR financing is getting harder to come by (at least in the DSCR space). 25% of the industry used to lend on STR's, now it's less than 10%.And it being a condo, expect anywhere from 15-25 bps added to the rate.

So, they didn't realize they essentially purchased land that is completely worthless beyond just serving as a green space. 

I am in the MHP space and have yet to do this but there are a lot of owners doing this.