It makes that giant property tax / mortgage payment almost worth it. 

There are a couple notes from the article that make me think this, but the biggie is this passage halfway down:"The sponsor of the bill said he plans to offer amendments to narrow the bill with less of a focus on people renting second homes and more attention paid to hotels that convert to privately owned units that are taxed as residential but still operate like a hotel.These giant corporate properties that are being misclassified as residential but are being rented out as a hotel.

I put down $10K earnest money on a new build townhome 6 months ago and am not able to get the townhome and want my earnest money back or push it to another unit that will be built in 6 months.

@Chris Viglietta if you use hard money to buy and rehab a property because you are not able to get conventional financing due to credit, will you be able to refi with conventional financing?  

Notably, we found this off-market before any other investors.

We are now working to get it rent-ready...and one of the things that came up was a giant tree in the front yard whose root has completely buckled up the sidewalk in front of the house.

Sometimes it means drilling holes in the basement walls and installing anchors that go out horizontally from the walls (essentially, you're driving a giant screw through the basement wall into the earth).If it has a basement and you are getting water in there, you may also have to add a sump pump to any of the above items.It depends on the size of the house and how bad it is and lots of other factors, but I would figure that it would be hard to get out of this for less than a few thousand dollars. 

There is a notable lean, as shown in the photo.

I see multiple possible interpretations/solutions but I am not able to produce a white paper here.

Now the fun part, they put us in touch with their lender, and their lender said that we are NOT able to pay the monthly PMI upfront for an 30-year FHA loan, and therefore we would be stuck paying the extra $200/mo in PMI for the life of the loan.