Steven, you’ve brought up an excellent point about the trade-off between prepayment penalties and interest rates in DSCR loans.

My realtor found the city building inspection report which details that the unit needs to be de converted as it cannot be brought up to code.

For profit and not for profit investors can be brought into the financing structure to work together to meet the needs.

By all the phone calls they have been receiving in regards to blacktip she thinks the amount of money Jeff has taken is one that could exceed any previous cases that have been brought up criminally in Lee County.

My realtor found the city building inspection report which details that the unit needs to be de converted as it cannot be brought up to code.

Because of his knowledge of the market and his team brought him the deal.  

Thanks for this post that brought the program to my attention.

Remodeled all the units and brought gross income from $30k to $43,500.

Here are the playersMe - OwnerOG Developer - Original Developer that improved property before I purchasedNew Developer - New Developer currently building a new subdivisionWater District - Own the vacant land that my sewer line runs acrossCity - Well, The cityTimeline:2007 - OG developer purchases large 1 acre lot with an existing house with the intent to subdivide and create a small PUD.2008 - Improvements are made (new street, sewerlines, storm, power, water) are brought into the subdivision. 

I have one fridge in storage as a tenant brought their own, so that is a mixed bag.Refrigerators and stoves are reasonably failure-proof appliances if you stay away from ice makers, water in door options, and other things that add complexity.