The process can be frustrating if you don't stay on top of your file, but in the end it was totally worth it.

I personally think that campus can be conquered if approached correctly with a different mindset and set of processes and procedures tailored to that segment, it's just a different animal.

I have clients with units on 8 to 10 CAP and 15 to 20% CAC on their co-living units.Happy to connect and share some examples of where and how those numbers work (3+ bed units) and guide you through the process of setting up, leasing, and managing your cashflowing rental while minimizing risks.  

For Owner Occupied, the test is a max. of 3% of the loan amount for items such as the origination, discount points and processing fees. 

It is really simplifying my processes, that's for sure.

I doubt you would be able to raise a mortgage on it if it has not been done or at least in the process of having been inspected and remedied.Read these two and you have an idea. https://eu.pnj.com/story/news/2024/01/16/florida-hoa-fees-ar...https://www.bdcnetwork.com/floridas-surfside-inspired-safety...Having said all that the rental rates are high, so you can still make some good returns.So I would ask for all the evidence on the above. 

If we cannot agree ( rare ), they move out but at least they feel good about having some involvement in the process. 

@Alexandra BeardIf you run your business legitimately the Chances of an audit are most likely very low.Whether you need a LLC you should review with your attorney as it will also depend on how you are wholesaling and what processes you are using.

You would go to court for a normal eviction process to take over control of the lot.

I did want to make sure that in the process of getting deals, I don't break any law.