Originally posted by @Stetson Miller:Hi @Shane Gorski,You're absolutely correct regarding the difficulties of STR's in Naples, there certainly are a few other local cities that are much more conducive to that strategy, Bonita Springs, Cape Coral, and Fort Myers Beach being a few of the major ones.

Originally posted by @Mia Shlomit: Alas - the new ordinance turned this property too into a rent stabilized one. 

The actual penalty varies but it's often a step down or if a 5 year prepayment penalty term, it will be 5% of the original or unpaid mortgage balance if refinanced or sold in the first year, then 4% in the second year and then on down (the exact penalty varies which is why I mention both the original and unpaid mortgage balance.

MLS 525k Was original list and I got paid my RE commission How did you finance this deal?

Correspondent lending typically takes one of two forms: delegated or non-delegated.One approach is to obtain your loan purchaser’s criteria and documentation, (hopefully) adhere to them scrupulously, and originate the loans yourself.

.), Either a US credit report or credit trade line history in your country of origin, US Entity documents (EIN, Operating Agreement, Articles of Organization,), 2 months bank statements for proof of closing, and 6-12 months reserves on top of closing costs and DP. 

I didn't see your original post.This offering is a Regulation D, Rule 506(c) filing.

I have been through this loan as an investor myself and originate these loans all the time.

Originally posted by :We're looking for something that can not only track project workflow, but individual (hourly) contractor time and productivity so we know who's getting **** done, and who's goofing off, padding their hours etc.

Originally posted by @Tony Vicente:I'm looking at a home that's zoned "R8", contains a single family home that I'd like to convert to multi-family.R8 includes both single family and multi-family.