Include purchase history off of public records if possible.4.What is the owners story?

That's all going to start with public records.

Once an environmental phase 1 study is done and ground contamination is found are these findings made public or given to a state agency to enforce clean up?

I got married to my beautiful wife and recently separated from the service.

Some sophisticated lenders are now using the debt service ratio instead of DSCR after 2008.

Dropping the rents $100 a unit would still cash flow $200/door with the tenants paying utilities.Numbers at a glance:Gross Income- 22260Taxes- 2084Insurance- 1000Management- 2226Utilities- 9500NOI- 7450 assuming no vacancy or CAPEX (just to illustrate how bad the current numbers are)Debt Service- 6535 (30yr, 20% down, 5.5%)Annual Cash Flow- 915 (Actual for this year with my debt service is -4797 due to CAPEX and no vacancy).

If you plan to expand your portfolio you may decide you need a PM service. 

However, if you have an interest-only loan during the first two years, the debt service is lower, thus the cash flow is higher and could meet or exceed 8%.

While the HOA has a strong argument using this clause against you, I think you have an equally strong argument that the spirit of that clause was to stop owners from selling products or services out of the home, not to stop STR.

@Kevin Leppink I’m not sure how similar Utah is to NC, but as RE agents here we have access to something called Realist which is a public record database.