It’s business as usual other than safety precautions.

I’d love to chat anytime and help you build a portfolio, best of Luck, Jason Arms

I see this as a safety hazard if nothing more (fire depratment issue, stray animals taking up residence. someone playing in it and getting hurt, etc).I've checked the lease and there is nothing in there about not storing boats/vessels.

ARMs with a low interest rate upfront and a very high rate later caused them to default at high rates later on.3.

ARMs?

You should ALWAYS run your numbers in worst case scenario and even then add a buffer for safety.

For your safety, security and for legal reasons I'd separate the two. 

I'm hoping to do something like this again and would love any input you all have for me.Purchase Price:$200,000Loan Amount: $200,000Loan Terms: 0% down, 5/5 ARM, 30 year term, and no PMI. 

Do you know that if you have active leaks, safety issues, etc. many lenders will not approve a loan? 

I understand we all love REI and BRRRR is super popular but if I were about to lose my career and concerned about my financial future, borrowing upwards of a million dollars in debt with absolutely no safety blanket would be the last thing on my mind.