Their fee is usually around $300-$500. 

Talking to tenants like this is usually a waste of time since they will only try to play the landlord and stall the process.

The ones that think they do are usually following the traditional BP model...and they'd be wrong.You have to "reverse engineer" it, starting from your Financial Goals, and working your way to where you are right now.  

As is in real terms this property will be seriously into negative returns based on dead equity alone.The quick profit of 100K is far more valuable than the rent however if you leverage to the hilt and reinvest the money, assuming you still have some positive cash flow, it might work assuming rents can rise faster than appreciation and before expenses kick in (like a vacancy or eviction).

Have to agree with Account Closed: other than a few downed trees, broken fences, and missing shingles, it's business as usual in Central Florida!

Please see below the same Analysis as if it was done with an FHA loan:Note, I lowered the interest rate because FHA loans are usually lower than conventional.

Townhomes usually are defined by controlling the land underneath the property.  

No one has given us any negative feedback.

I don't usually do that because it's easier to get a judgment on anything other than a deposit if it gets to that point.

We had originally thought that Bob could lien the property for the construction costs, but, the profit will be directly related to what they end up selling the property for, which is usually an unknown until the final hour.