Other relevant aspects that need mention for repair evaluation - HVAC unit is inoperable (not listed in the listing, but known from previous owner), there are areas of permanent construction that need to be torn down due to no permits, carpet replacement, total bathroom overhaul, complete kitchen remodel, yard maintenance, inside / outside paint, stucco repair, electrical repair and other interior cosmetics and so forth.

I am also involved with an non profit that get the majority of its funding from HUD for permanent supportive housing.  

Vacancy being my main fear: PITI on 1st = $375, PITI on 2nd = $8251st Rental cash flows nicely and seems to have a permanent renter (HRA assistance, 1+ year of tenancy with very few issues)2nd Rental would cash flow when rented at a market rate.Both would be property managed by a competent manager I am using presently.My primary fear is a vacancy on the second as I could not cover the mortgage for numerous months based on our family's modest income.I want to go for this as I am a risk taker, yet I don't want to be stupid...

Would it be treated like carpet since it is a floating floor and not permanently attached to the structure?

I'll refinance into a permanent loan before it comes due.For a self storage I borrowed on interest only terms from a commercial private money lender with five year interest only terms.  

I was quite keen on one application, however, she then sent through an email from the applicant's property manager that said in summary, direct quote, "do not take x unless you want a permanent migraine". 

After that every single one of my outgoing emails on this gmail account was instantly rejected by gmail on a permanent basis due to their antispam setup.

in my lease it states that labor for repairs will be charged at $ XX.XX  per man hour minimum plus materials , the company doing the work is  xxxxxxxxxxxxxxxx  LLC.  

Learn the ways to “setup” a home or to put it on a permanent foundation.

My goal is to refi my existing properties which are under construction loans to permanent financing.