Off the cuff, FHA can be difficult with appraisals, sellers willingness, self-sufficiency test, life time PMI, & FHA premium.

I feel like lenders can read through an P&L that might not be technically correct, because you can explain that "project ABC is underway, I'm down $100k on it, but it's set to hit the market in June and we're going to sell it for XYZ."   

Hello All,I am currently purchasing a 2nd mixed use property in the same market. 

Regarding resell value, it will depend on the market and if you can find someone willing to purchase for the price you're valuing the park at.

A good way to crush the 1% rule in a market that doesn't offer too much of that, but you are basically writing the property off after however long you plan to implement the strategy for. 

Here's why this is so important for negotiation and decision-making.First, understand the seller's professionalism and sophistication.

I think the answer is very market/condo specific.  

So as a listing agent/broker I will need to be more optimized for this marketing and processing of inquiries. 

Current Tenant pays $2200 rent which seems like it's about $300 under current market rate. 

Rented at top of the market and was able to sell after 5 years of generating 30k annually, at a rougly 125k profit above what was spent to purchase and renovate.