@Cristian Estremera the initial difference is the financing options.1-4 family are eligible for FNMA, FHA and VA mortgages.5+ units require commercial/DSR loans.As number of units increase over 5, management changes.

The state is business-friendly - the new businesses have increased the number of jobs and population. 

Figured out via simple math that building/selling spec homes was not a better proposition than selling lots outright.6.

The shorter the prepayment term has an impact on increasing the rate.4.

The only way I see you getting out of this is if you can rent by the room and increase earnings, but even that's a stretch. 

Simple is better.

It has a strong potential for cash flow and property values are steadily increasing.

Over the past couple of years my home has been flooding more and more due to increased rain and storms.

To keep it simple if you have good credit and a decent amount of assets this will depend on your market on the amount needed but try to always have access to a good amount.

Give them a day one which it is going to be done and tell them the floor needs to be clean and all the furniture removed from it-plus they can't walk on it for a set period of time until the floor is dry-probably a day or two.I'd also make sure you increase their rent because my guess is when it comes to replacing the floor AFTER they move out, you aren't going to recoup what you expect from them.