They said that kind of project would basically convert the property to an apartment building and requires R6B zoning.

Is this because you had a PM with insurance for this kind of thing or was this a clause in your individual building insurance policy?

Good luck.I also plan on visiting PR(san juan for now,  maybe ponce as well) in November for fun and to learn more.

I have clients that have these kinds of arrangements, and while it is easier when an org fills your units, you can lose control of maintenance and cleanliness.

With that kind of sentiment from the city, the application to build a 6.9 million square foot expansion of the Hoffman Town Center, which is what the lots are all currently zoned for, is highly likely to be approved by the end of the year, possibly pushed to 7.6 million square feet, and will be completed over the next decade.

A week ago, when I last visited my condo, everything was in order.

I would like to pass on a little bit of useful information for anybody thinking of converting their permit over to owner-builder. 1 - You will not be able to sell the property for a minimum of 365 days from the date of issuing of the CO. 2 - The property must be for the owner's own use and occupancy and not for sale or lease which means you will not be able to rent it out. 3 - The owner-builder must ensure that all employees working on the project have the required licenses.4 - The owner-builder must provide worker's compensation as required by Florida law.5 - To apply for the owner builder permit, you must physical visit the building department.There are others requirements and conditions, however these are the main items.

In terms of the second scenario, the upside I see is the option to get a different kind of loan (say, FHA with a lower down payment and other assistance programs for K-12 educators like me) since I'd be getting a new primary residence instead of a second home.

Still, its a great subdivision and there are a lot of investors that know what kind of revenue those cabins should be generating. 

And with the example you used of being able to save 100k per year, do you really think that there’s gonna be that much stress relief from a paid off mortgage when you’re making kind of money?