I think he calls it "pre-development" & goes over subdividing, entitlements, permits, etc.  

Hello, similar to Steve and Sean, I have an existing Stessa account that I would like to link to.

For those holding hope they will fall and save existing deals, don't hold your breath. 

Secondly, that article, while highlighting a genuine problem that exists pretty much all across the world, makes a marginal group sound like it's a large organization.Regarding Spain first, the measure is so stupid that I doubt it's going to be adopted and implemented.

I'd suggest using a minimum of 25% of gross rent to cover expenses on paper until proven otherwise on any given property.Only you can decide how much cash flow is acceptable but I wouldn't consider something that essentially breaks even.

It is investment banking, so the rules are much different than your "normal" lenders who offer mortgages or loans to cover a single or portfolio of collateral. 

Do I receive video of my pre and post make ready?

Rufo, so you are violating the HOA rules so I don't think they would cover anything if it is the fault of your guests.This will eventually catch up with you and could result in some big fines so maybe think of selling this or converting to a LTR instead.

I'll go with @Greg Scott line set metal cover idea and @Chris Seveney idea for painting the copper white.Thanks folks!  

So, often times even if 1 or 2 of the units in the building are not generating any rent, the remaining rents are still enough to pay for all of your property’s expenses and you don’t have to come out of pocket to cover them.