And also, since I am the borrower, am I correct in my understanding that I would be subject to a tax on cancellation of debt which would lower my total IRR.I saw many years ago (like in 2017) on BP that note investors were shooting for 10-12% IRR in a zero-interest rate environement. 

Rental income is about 4800/monthly....David,If I'm understanding you correctly, a DSCR loan could be a fantastic and elegant solution for this creative financing situation.

They will help you draft the necessary legal documents, such as master deeds, rules, and regulations, and ensure everything is filed correctly at the registry of deeds.

That may take a few years to settle itself, but that's not a neighborhood fundamentals issue and will correct itself naturally, especially as more neighborhood commercial and amenities continue to infill to meet the new population.

You're correct that the Clark/Fulton area is a bit rougher and is known for having a higher concentration of Section 8 housing.

Asking in the correct forum will get a better response.Need a spreadsheet or form?

I have talked to 6 different attorneys from a variety of firms (including Anderson), my priority remains to use a firm that is committed to delivering real value and doing the strategies I'm looking for, correctly. 

I was personally censored multiple times by one of the most well-known BP employees simply because her opinions are very leftist and mine are very correct. ;) The bottom line: it's their website and they pull the strings.

@Melanie Baldridge Yes, you're correct!

If I read this correctly, anyone that said no is only looking at "what if" scenarios.