There are far worse things I could`ve spent my Federal Tax refund on :wink: Anyway,...I`ll certainly have a ton of questions to ask, will be needing advice and guidance, and seeking input and opinions as I embark on this new adventure - one that will certainly be a learning experience, but hopefully, not one fraught with peril, since I won`t feel like I`m going it alone, not with a great resource like BiggerPockets!

This may not be PC to say, but don't forget to account for bribes when developing in the countries you mentioned.I have a friend who is an expert in stormwater and was working with the Bahamian government on solving some of their stormwater issues.

She said it's because of the new federal laws about how many investment mortgages a bank can have on their books....or something like that.Thoughts 

If the houses are in a heavy crime block; you will find a motivated seller who wants to get out fast now there are areas like the Hyde Park area where you want to be as that is right in the heart of the new government facility that they start construction on and in time you will see the property  taxes increase which will bring values up and drive the crowd out.

The idea was to provide S&Ls with funds availability through the Federal Home Loan Bank Board which has since been abolished and placed under HUD for oversight. 

And in what state is the property (there might be laws governing this)?

The Federal Reserve Bank of St.

Which government agency(or multiple agencies) is ultimately responsible for permits?

In the case that I was talking about, it is part of a community that the city government and neighbors were already a pain in the @$$.  

There is virtually no lender that will approve this under any circumstances, and this has to do with the changes made by our federal government.