For her health I would really prefer this didnt happen.2) regardless of where they buy, the more money they use for their down payment, that leaves less in reserves...basic maths.

He is very dedicated to his nonprofit and has been vesting the property over the last 8 years, wanting his nonprofit (addressing global health issues) to have long term funding and his legacy to live and getting a tax write off.

It's an expensive repair but vital to the health of the property. 

The home is a 2,250 sf home, 5 bedrooms, 3 bathrooms, with a pool and a spa in the backyard.

As LL i try to help my tenants during their tough times (not only during covid but with issues with kids, health, etc) but when I get this in return is a hard blow to the gut.

Hello,I no longer have HSA compatible health insurance plan but have an HSA account from past, which has decent amount of money in it.

“The last thing we want during a public health crisis is people being forced out of their homes and onto the street,” Senator Brown said in a tweet.Titled “Emergency Rental Assistance and Rental Market Stabilization Act,” the proposal pairs with a bill in the House of Representatives, which Representatives Maxine Waters (D-CA) and Denny Heck (D-WA) are sponsoring.

News for FLorida STR owners: “The lawsuit “seeks to protect and vindicate fundamental liberties that citizens of the United States enjoy free from government interference” and asks a federal judge to issue a temporary restraining order or injunction prohibiting enforcement of the governor’s order.DeSantis issued a March 27 executive order that blocked people from renting vacation properties during the public health emergency, but he allowed hotels, motels, inns, resorts and time-share facilities to stay open.DeSantis said the vacation-rental ban was necessary to discourage people from other states, such as COVID-19 “hotspots” Louisiana and New York, from traveling to the Sunshine State and spreading the highly contagious disease.

@Kevin Wareham I should also add that I was unable to see the 3rd unit prior to inspection because the tenant is in poor health and wants to keep contact to a minimum.

My hunch is that the agent and lender both believe the house has too many health/safety issues in its current state for it to receive a clean appraisal with no conditions called out ... which means, no bank will lend you money for the house until all of those conditions get repaired.So, they are pointing you in the direction of a 203(k) FHA loan - which is a special type of FHA loan for properties like this that need to be rehabbed.  203k loans include the funds for both the purchase and the repairs; however, the repairs have to be completed by a contractor.The contractor needs to go first because their bid is handed over to the appraiser and factored into the appraisal to justify the full loan amount that you'd be getting.Good luck with everything!