However, a surprise occurred with title that drove up our acquisition cost to almost $120k.

There are multiple planned developments currently in the works that would expand the desire for vacation homes, but as of now, we're still waiting for that to occur Hi Stetson, we are now considering building a new home. could you please recommend a spot builder in Cape Coral?

Then to be safe, I like to add 10% to it as a buffer when/if cost overruns occur.

They can change terms basically at anytime before closing for non-owner occupied - is it good for the reputation - absolutely not - but it does occur.

So right now is a chance to nicely position yourself when this occurs. 

I'm paid fairly quickly, at the time the assignment occurs.- go through all the above motions, but this time I don't assign the lease and option to the tenant-buyer.

OR Talk with a property management team that specializes in Padsplit / Co-living and they can give you some more realistic numbers to go with when it comes to occurancy % and cost!

Especially if you haven't went into detail about how you want things to occur and what the project schedule is.

Overall, it sounds like this whole thing stemmed from a communication or integrity issue that occurred at the loan officer level.

On the $650k we financed and “wrapped” we earn the 6% differential every year - or $39,000 (declining as amortization occurs).