While I can't prove this definitively, the posting behavior strongly suggests this isn't coming from a typical satisfied customer.What's interesting is how this latest post is carefully crafted to rank well in Google searches for people who are searching for education on land investing.

As a negative, it also has the largest gap between the cost to buy versus the cost to rent, making cash flow extremely difficult without committing more equity up front.

If I did set out to invest in the local area, I would scrutinize the numbers like crazy and be extremely conservative with my estimates.

That data would be sales price after remodel (the true numbers some agents really don't have the experience to be comping the property), the days on market you will experience (this is great info because you want to recycle the money quickly), and resources to sell the place fast not slowly which you do not want this because this could put your holding costs extremely high and push the property to little profit or no profit. 

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

I vetted out a lot of the other turnkey property companies on Bigger Pockets before deciding to go with REI and I feel extremely confident REI is the best. 

They can't transfer deed to you because they haven't satisfied their note.

@Chris Kay finding a quality, cost-effective contractor is extremely difficult:(There are thousands of contractors that are great talkers, but rarely perform within budget.Standard bait & switch is to lowball a bid, then once they get started all sorts of things "pop up" that somehow their bid didn't cover.

I also enclose below the text of the relevant section for ease.https://www.flsenate.gov/laws/statutes/2020/553.79QUOTE(14) A building permit for a single-family residential dwelling must be issued within 30 working days of application therefor unless unusual circumstances require a longer time for processing the application or unless the permit application fails to satisfy the Florida Building Code or the enforcing agency’s laws or ordinances.UNQUOTEThe previous link to the City of Cape Coral citizens portal lets individuals see permit details for a specific property address, the progress with applications, and if not using a private provider the status of inspections.  

He has millions of dollars invested in his property and must be extremely careful that he doesnt't rent it to a person who is a crazy failure.