Assume an FHA loan to non-occupy and use for rental real estate.... 

- Value add - How much does it cost to convert Non-climate controlled units to climate controlled units? 

Well it looks like non-profits are exempt....So I suppose Dope Traffickers will just buy an ongoing concern non profit and operate that with ownership as an IBC (International Business Corporation) in some privacy haven, or Russia, or Yemin or somewhere (if those places have privacy laws???)

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

Matt LawrenceCustomer Service Representative  not to be picky but you as a non licensed employee I don't believe can quote rates like you did in this thread that's a violation I could be wrong but again just sayin..  

Most of the failures I’ve seen when investors attempt to “scale” a non scalable business result in only moderate losses and temporary setbacks.

To me its a non-recourse DSCR loan that they can stop paying at anytime.

(Foundation, etc)4) Black mold, asbestos, lead paint, other other costly repairs. 5) It need significant cosmetic repairs where the purchase price just isn't worth it. 6) They may have an odd layout of the rooms. 7) Non-compliant septic.8) Trouble with permits or tenants9) Listing agent has a poor or incorrect listing.

Wholesalers are going to have to be legal honest and perform if they want to get a deal done.The rule about non licensed appraising is huge. 

Yes I am looking at Ocala, FL due to the fact that the properties they selling are non-HOA.