Normally it's in the beginning when the sponsor owns the majority.

I own a condo overseas, the HOA is calculated on the value of the apartment. I own another in Florida, the HOA fees is per unit with studios paying the same as two bedroom apartments. Seems to me 2 bedroom condos use ...

We're thinking about doing a 3000sqft foot print... 3000sqft upstairs (4-5 apartments), 3000sqft downstairs = 6000 total leasable space.

Not sure if that's normal and the numbers didn't seem terrible with what I landed. 

conversations end with "sorry but neither you NOR any potential buyer can get a normal 30yf mortgage on it.... that's WHY you got a slamming deal."

Yeah, I guess it isn't any different from what anyone who operates a normal business such as a Dominos franchise has to deal with.

Might not be too normal though...

Most people that do BRRRR are not really in a spot to just leave it alone as they normally need to exit a hard money loan or cash out to get their initial investment out to put into another home.You should be able to find a lender that is able to cash you out between 70-80% so it just depends on if you just want to get what you put into it or if you want to max out your equity and use it all to reinvest.

After the repairs I would refinance out the money to give back to my family member what they would have recieved from a normal sale.

But that is the nature of the beast and normally trumps the negatives due to the fact that now you have a large amount of cash to leverage for other properties.