Visa and FinancingYou're correct that securing a mortgage might be challenging without legal status or a W2 job.

B) So you're going to combine unsheltered people and basic homeless?

Quote from @Jack B.: Have you confirmed he's still in the rental?

The landlord shall not commingle such moneys with any other funds of the landlord or hypothecate, pledge, or in any other way make use of such moneys until such moneys are actually due the landlord;(b) Hold the total amount of such money in a separate interest-bearing account in a Florida banking institution for the benefit of the tenant or tenants, in which case the tenant shall receive and collect interest in an amount of at least 75 percent of the annualized average interest rate payable on such account or interest at the rate of 5 percent per year, simple interest, whichever the landlord elects.

Quote from @Richard Volkov: Quote from @Bill B.: So the property owner can never sell?

Yes, #1 isn't exactly true, but it makes a point that not every landlord and rental can expect to get an A/B class tenant.

I've built my business plan for 2025 to go after Cash Flow first, appreciation second, in B and C+ areas. 

I only invest in A and  B areas  that usually makes renting some what easy .Having rentals loaned out to the wazoo can cause a lot of stress on owners to rent out immediately  .If the market softens up winter etc...

. $8k won't get you anything in a class B or A market with 20% down or even 10% down. keep going though!

The lender will not require any of the anticipated interest payments on date of origination and borrower will have lower cash to close requirement, although $15K in interest payments will be required to service loan through duration of project.Loan B: Lender requires $15K interest reserve funded by borrower at settlement.