Based on 1.5 million you could theoretically at 75% LTV pull out 1,125,000 max. 1,125,000 - existing 750 = 375,000 to be accessed.Now say that appraisals come in low at 425k each instead of 500k.

In this regard, you can become the money partner, and it's very valuable in any real estate relationship.If you really want to do something in the NYC metro, then within 2 hours you have central Connecticut, Philadelphia, and several markets in NJ that are attractive.

We also like the middle keys and haven't looked too much in Key West,  the transient license and I think some tax aspects make it less attractive financially. 

If they have put a lot of effort into fixing the issue then maybe its less attractive.

As a seller, I'd want a performance bond as well, that is reasonable.Multi-million dollar commercial transactions are above the pay grade of 99 % of the members on BP, maybe 99.9%, see your attorney and begin with a letter of intent. 

If you've got a slob in one unit and an inside smoker in the other, then you'll have a hard time attracting good tenants when one or the other moves out.If you don't want to fix the problems, then you should expect them to get worse.  

Would this type of property be attractive for a Turn Key Buyer?

However, will consider any deal that makes financial sense.Goal - $1 million in assets by 2025!

On the insurance policy for my personal residence, I increased the liability to a million, and may consider an umbrella policy.

This is a high profile project with some 5 million feet passing in front of the property each year.