Appraisal came in at $2.4mm just for the storage on two of the acres, two years later at 30% occupancy. 

Don't make it an issue until you have full occupancy and trying to decide what unit to renovate next.  

Also be aware of squatter rights (Costa Rican law establishes possession rights over a property by means of occupation).

@Bella Hounakey any Fannie Mae conventional loan will require one year of occupancy before you can rent the property.

The city of Destin has some geographical and occupancy limitations. 

There is demand from both owner occupants and investors. 

Use list source and start an aggressive direct mail campaign to no owner occupants who are behind on taxes .

Dan,Nothing special needed just refinance the property for what you paid in cash as the value indicator cannot use current appraisal banks will go off of the sales price for Max LTV depending on occupancy and property type.

The individuals comprising Tenant and the children of such individuals, as set forth below,shall be the only occupants of the Premises.

Lastly, allowing for pets is a huge benefit and certainly increases revenue and occupancy rates.