need a lending outlet suggestion for this property.2 unit ocean front STR 689total sqft3+ years of STR historyHair - there are NO other 2-plexes in the area, and appraisers have been using 3,4,5 units etc. that are 25+ miles away which is making the AERS report flagged for warning / total gross adjustment are like over 120%Basically at this point looking for a self-serviced bridge lender who won't care about comps/appraisal so the borrower has time to find something more stable.

How did you find this deal and how did you negotiate it?

Go ahead and file.In real life it costs you time to figure it out and money.

I think their logic was that a family with 12 people (parents and 10 boy children) would have difficulty finding a suitable house with say 6 bedrooms.In addition to the Federal guideline, some local ordinances address occupants both tenants and owners. 

Together we make about 120k-ish and as were doing this, were actively paying down our credit card debt which together is about 20k at the moment, just fyi.I feel like this is a solid plan, but I'm not too big headed to admit that I don't know everything.

You want to look for like/kind SOLD properties to compare so, single family to single family and multi to multi (2-4). 

How did you handle it?

I'll get back to you when I decide whether or not I want to go that route for this home.  

I'm not an attorney,  but I believe you need to take out permits prior to doing the work.

Hey Ella, welcome to the Forums!