North Florida, hurricane / tropical storm area....So, with the damage being done by the POWER not being on, the floor can and will separate from moisture...

When looking at the deferred maintenance before purchasing, we had calculated a lot of the big ticket items (like insulation in attic, power washing repointing brick cracks, etc.) and we had even included things we could see like missing doors.

There's power in knowledge.As far as your analysis:Closing costs will likely be 2X this on a commercial property.I'd plan for more in initial repairs, especially if the last unit isn't finished.Your mortgage expectations aren't in line with most commercial products.

Powerful insight.

Have enough staying power to get over the first year?

One thing to consider would be reach as big as you can on your one FHA (you can look up what the fha limit is for each residence type in your area), maximizing your buying power, then if you’re looking for another property you’ve got a big multiplex or rental on an FHA helping you generate cash to buy the next, which can be I.

I'm the rental side, so I see the power of it.

The attorney for the sponsor was there for the closing and my attorney asked the sponsor lawyer if he had the power to write into the deed the unit is a rental and got the answer he has.

For example, the presenters who know their numbers and terminology come across better and it changes the power dynamic so that the investors start getting interested, asking questions, and ultimately come around to wanting to put money into the deal.It also helps a lot if you have some money to put into the deal as nothing eases a potential lender's fears like the borrower putting some of their own money into the deal and also being at risk.

The siding and rear screened patio were in fairly good shape so we decided to keep them but thoroughly cleaned them via power washing.