Unfortunately, these fees did not surface until a sales agreement had been agreed upon.I'm not sure but other areas, but it seems that HOA's in the State of Florida have a great amount of power over owners.

That won't even scratch the surface of the billions of dollars that go into retirement accounts every payday.Actually, folks here do mostly SFRs with the occasional MFR here and there, mostly City of Chicago.

The property is an big old house and it's adjoining carriage house in Elmwood and has a total of 7 units.

Account Closed be careful using bleach on surfaces like wood and drywall, it does not have the same effect it has on contertops, tile, or glass.

Look at the adjoining properties.

As a person from an Ag background the farmers are not eating out because there is more wheat it's because the oil people are buying or leasing their mineral rights and then paying them for surface impacts due to drilling.

If you hang onto the property , you are losing money every year...this couldn't even be considered treading water, since when you tread water, you are still on the surface.  

I really liked the reply by @William Allen - and on the surface it now looks like you didn't properly account for everything he suggested.

Any sign placed on any curb, sidewalk, post pole, hydrant, bridge, tree, or other surface located on, over, or across any public street, right-of-way, property or thoroughfare, unless authorized by the City Council.

You should definitely have someone lined up who knows your numbers and is on board with your plan, even if it does end up taking several months or longer for the property to season before they'll do the refi.On the surface the numbers look workable in that you meet the 1% rule with the purchase price (though not the ARV, assuming it would also be around $300k, which is admittedly less important from a brrrr perspective) and could conceivably get all your money out with a clean refi at a realistic LTV ratio.