Purchase price: $340,000 Cash invested: $7,000 Water front, 4 bed, 2 bath, detached 1 car garage, pier and dock.

What adds value is the sewer/septic, water and electric at the site.

These are not standardized agency loans.  

I have already signed a standard buyer agency aggreement.

I found the county criteria which reads as:"Property must be minimum of 1 acre, meet the underlying zone district, have adequate parking, meet the requirements set for by the Wildfire Hazard Overlay District, have valid water and sanitation, have legal access, use the primary dwelling unit, be free of violations, and have no substantial detriment to the intent of the Zoning Resolution."

Mainly because I "assumed" how long could utilities such as water ,trash and electric really get backed up without getting shut off.

This allows them to bypass the REP status since they are full-time doctors and cannot meet the standard.

DSCR Loans are pretty much standardized and arent really negotiable like CRE loans so people don't usually spend much at all on this

The inspector pointed out structural issues, potential plumbing issues (hard to confirm since the water was not on but scary enough) since the house was built in the early 1900's.  

Pretty much all major components were newly installed / fitted and done to a tasteful standard (new metal roof, plumbing, electrical, kitchen, flooring, bathroom, doors, new hvac, decks, vinyl siding etc) and I have visited and walked through 3 times and even been under crawl space to inspect a repair that was previously noted on an inspection to the foundation after termite treatment which looked to be a good job.