Hello everyone, I just moved to the Pensacola area and still discovering local groups to network with, so when I found a couple of properties that I'm interested in, but I honestly just want to talk shop and discuss how to progress to the next level by pick everyone's brain. 

Congrats on your progress!

Radon testing in progress and actual inspection is tomorrow.

We talked about the progress every once in a while and let them contribute to some design decisions so they felt included.

It only says that I'm obligated to use the EIDL funds for working capital as a result of the disaster (pandemic).I'm not sure what your source was referring to, but glad you are getting additional opinions, as that would seem contrary to economic progress and wouldn't seem to make much sense.

I am a proud Alabama liberal/progressive and a landlord. 

Wanted to see what the experts in this community seeLocated in NJSFR, 3bed, 1bath, 1,100 sqft, lot size 9,435 sqftSits across a lagoon, Waterview not waterfront, currently not in a flood zone (reassessed next year and expected to fall into one)*Town requires that it be lifted by 2024, the cost will be about $50,000 all in.Purchase Price: $175,000 (10% down)Last Tax Assessment: $236,800Taxes: $5,328 per year ($444 monthly)Home Insurance: $1,200 ($83 monthly)Flood Insurance: $450 ($37.50 monthly)PMI: $101 monthlyElectricity: $100 MonthlyGas: $50Water Sewer: $25 MonthlyRepairs & Maintenance: 5% ($110 Monthly)Purchase:Down Payment 10%: $17,500Estimated Closing Cost: $9,000Total Down: $26,50030 Year Term @ 3.875%The goal is to rent the other 2 bedrooms at $750 each. 

I also realize there is only so much you can assess about a property without seeing it in person that are key factors in whether it's a good property or not. 

REI needs an honest and truthful assessment of things!

When talking to my mentors they say it is possible to still get a conventional mortgage if you provide them extra information like a CMA (Comparative Market Analysis), an ARV (After repair value) assessment or a repair budget.