The Idea is to create a new real estate asset class - the Room Condo. 

If you could pick it up and plunk it down on 2+acres in another location, holly-cow it would be a rock-star. 

The balanced owed on the property is about 97K. 

I've been through 3 PMs in less than a year. 

I don't have a project lined up currently, as I think the project targets vary greatly on the result of this decision since there is so much equity in the condo.

I’ve visited every other property I’ve considered in the past, so this is uncharted territory for me, and it feels a little out of my comfort zone.I’m considering putting it under contract sight unseen to lock it up, but I don’t want to make a rookie mistake here.I'm looking for some advice here.

Is the paint latex, oil or water based?

I could come up with a down payment for an investment property in a different state easier than my home state at prices are pretty high in the 300-400 k just for townhomes.

There are certain do's and don’ts when it comes to DSCR so it is wise to ask up front.

Huge counterparty risk, I am just working through a scenario where a correspondent HML in the midwest got defrauded from bad diligence and their funding partner is having to clean things up.