It sounds like the one you are working with has fair amount of deferred care.It is better to do it right and do it once.

Based upon your numbers the cap rate is fairly low ( 7% ) meaning over valued .

The rates and terms for many are still fairly decent allowing you to achieve the ROI from your duplex purchase. 

Brad Swaney this is a commercial loan product and is fairly standard I guess.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

As a result there is a very real danger that hosts will be penalized, receive bad reviews on social media, and even lose their accounts on Airbnb/VRBO which could quite realistically cost them their businesses if no consideration is given to grandfathering in owners and hosts who are already operating more than one STR per lot, not to mention it seems fair to give owners and tenants a chance (as was mentioned) to recoup their significant investments (as one neighbor mentioned--her life savings) which they made under the existing laws." 

Investor, you're gonna go in there with your 65% offer after they have a moderate/fair offer from these iBuyers?!?

I was a carpenter for several years and enjoy getting my hands dirty - the plan is to be the owner/builder, sub out a fair amount of the construction, but add value by doing a fair amount of the planning and some of the building myself.

I am also looking for a tried and tested script to give to the VA to ensure that the messaging is clear.Thanks in advance,Sam

Unless there is major development nearby, I would see it as fairly difficult to resell for a significantly higher price unless you come across an inexperienced investor.