With second home loans, the mortgage must be for one unit (I do a lot of 2-4 unit STRs), the property must not be rented for more than 180 days out of the year (limits revenue), must function reasonably as a second home (usually limits out of state investing), rental income will not qualify as stable monthly income (projected AirDNA does not play into your DTI).

If you feel you would get a BIGGER return from the kind of deal you described, ask yourself why an investor would want to give you that extra money rather than keeping it for themselves.

@Shiloh LundahlTheoretically assuming properties were identical in every sense yes because I don’t need cash flow and would rather have the extra $100k in equity.Now $600/mo could get you another $100k mortgage to get you another property that could potentially also cash flow but for me personally I am in equity play mode now income mode - just my personal choice but nothing wrong with the other scenario

To be honest, you could probably fix the violations over time...there aren't any fines for the violations and they usually can allow you a lengthy time to make the repairs.Either way I'd be happy to connect off line of the forums and talk through the violations to see how we might be able to help!

If the driveway also needs to be added, how much extra are we looking at?

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.2.

We have a great group usually around 60 people or more.

It usually takes multiple interactions to build rapport before meeting in person 

The delays are usually in non-compliance as the importance of compliance to building codes for new (and better) insurance in FL is very, very important.

I don't know of any seconds for properties larger than 4 units, otherwise that's usually my recommendation to get around losing the rate on your first.