And I think that means it's best to have a servicer draw up the papers that they will handle.

"All Diversified Lending LLC" based out of Arizona?

There should not be a $100,000 discrepancy in the dwelling coverage (based on a replacement cost estimate.).

There are plenty of renters due to the army base, a management training ground in Juarez, a large number of our employees always to a home to rent, and other factors.

Blue Ridge looks attractive based off my search and pricing there. 

As a loan officer, I'd like to mention that CalHFA has a "lottery" system in place.

@Patrick Philip Keep in mind banks will price there construction debt based on the Fed rate & expect to pay WSJ Prime +1/2 to 1 Point so 10% is not bad from an alternative lender at this time.

I am based in Tampa but I cover from Orlando to Spring Hill, and all the way down to Sarasota.

I would think it'd be pretty simple to calculate his actual rent income based on the properties current conditions and explain that at best, the tenants in place stay for years to come, he continues doing the bare minimum, and his highest predicted income is x dollars, barring any emergency spending to keep the tenants happy.

@Sherry PattersonHey Sherry,I am an investor agent based out of San Antonio.