Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

My concern is that if i apply for a HELOC to use for the down payment before i apply for a mortgage, A) I wont get approved due to my DTI ratio, and B) I wont get approved without first showing the bank I have the 20% down payment before pulling the HELOC.

Quote from @Jason Wray: Jessica,A lot of those moves puts your money into different properties rather than in the bank where it belongs.

The lender Bank was being bought by a larger and needed the non-performing loan off of the books made the deal even sweeter. 

@Tim ZozI see him post a lot about infinite banking on YouTube.

These strategies can allow you to acquire properties without traditional bank financing, which can be beneficial given your current DTI and income situation.

The second scenario would be if you didn't have enough capital to invest in real estate the traditional way and wanted to start to build a portfolio.

Curious if we have to officially wait till trump is president or if some banks have already started.

Banks will be reluctant to lend you and other buyers/borrowers a mortgage for a building like this as it is seen as high risk.