Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

Divide that by 12 months. 

For property taxes I took the sale price of the property times 1.5%, then divided that by 12 months.

I managed to find one but after 1 month, he quit on me, citing that the work load was too much for no pay, so it's back to the drawing board.2.

As in most things, It's best to draw from a number of resources to get different points of view. 

.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

We can draw this conclusion when we see the offering in question showing projected returns far in excess of what we know is achievable without an undo degree of risk. 

Hello fellow landlords,The properties in question are in a market that although it is not cheap, it draws lots of money-cautious tenants.

My favorite source is Navy Federal for its long draw period of 20 years, and Figure for its fast funding.  

The one in Naples took a 4 bedroom, and divided it up to 4 Airbnb units.