That's where they fly in, that's where the jobs are, stay as central as possible and your home will be desirable as a rental of any kind, and for resale value.

These ordinances make clear the state does not desire any jurisdiction from removing safe unpermitted units. 

Yes, this is in Florida.This property is located in a desirable area in Florida.

Even in the “gentrified” neighborhoods of Federal Hill, Fells Point, Canton, Harbor East, desirability can be very block by block so you have to be careful that you understand these neighborhoods (and blocks within) somewhat intimately.

I rent and really have no desire to purchase in the city because it would be a downgrade of space/neighborhood.

Because his credit was good and the property was in a desirable area, not value wise, but living condition wise, he got 90%/100% financing on project 1 which is pretty good. 

I know a vacancy is tough and it can be hard to find tenants in the winter, but you have to weight the costs and benefits and decide.If it's harder to find renters in the winter, try offering a month-to-month lease just to get through the winter, then move back to a one-year lease in the spring.

But every day investors buy less than desirable property utilizing high leverage debt at high interest rates producing high risk of negative cash flow and built in negative equity.  

With that being said, having the comps that your agent has provided you ready for that appraiser can go a long way to make sure you get your desired outcome. 

Business credit is largely irrelevant until you get into the true CRE and commercial lending space, and even then, the key principles are weighted heavily.