I haven't been able to see the interiors yet but the plan would be to squeeze a second bedroom in both of the 1/1 units making them a 2/1 and eventually give all three a face lift and hold for long term rentals with the end goal being to sell and roll profits into a bigger/ better deal. 

Any idea what extent of damage has to occur for the "Force Majeure" to apply? 

Personally we wouldn’t want the tenant trying to find a new person to fill the lease, as we think we have a better idea of who we want from screening applicants and we have a way to advertise for them.

With the debt financing they would be my bank and hold a lean.

I got the blank stare of death from the nice lady at the office who had no idea what I was speaking about.

Currently have about $250,000 in cash for down payments.Any ideas/tips are greatly appreciated.

So many violations.if you dont have evidence, the attorney  should  be able to give you a few ideas on how to gain proof.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment in Tampa.

If you don't have a plan for all the money on a cash-out, then you may be better off taking less and holding onto your equity.