The negligence thing has always been interesting to me because it seems so subjective...Gross negligence seems a more straight forward - rare to no inspections, known issues, complete ignorance of potential issues/lack of due diligence (ie: fence around pool w/ locked gate) etc.

With this loans it seems you cannot build a multi-family home.

A property just came on the market that seems like a very good deal, and exactly what I look for.

HI JasonWhile the luxury market is growing (in most markets) it seems as though yours is in a bit of a class by itself. 

It seems like a fix and flip loan would make most sense as it wraps construction cost into the loan.

Therefore, it seems this would be specific to the assets you have in your property.So a one size fits all percentage would be impossible to come up with.If people could put a percentage for the bonus depreciation there would be no need to complete the cost seg study.

We ideally hoped we can have at least one tenant move out so we can renovate, but that doesn't seem to be the case. 

I can see that there is a great market for smaller places for couples, but larger groups seem to be a good thing to target as well. 

From most people I've heard, it seems worth it.

Seems some of the big names have become scarce lately.