-Do you for-see any issues for me?

We have to have inspections which means any hot water heater has to be to code and has to be permitted.

You want a desirable location plus with minimal sloping/grading issues and minimal trees.

The way I got around it was I had capital that I could use to payoff the load and then the bank issued a new loan for the BRRRR amount, which I then got my capital back plus the additional capital based on new ARV.  

If you're just starting and don't have time to deal with a lot of potential issues, turnkey is a great way to get the ball rolling.

If that's an issue then that may get the sellers to do what you want. 

Be up front with them about the issues and see if you can make a deal.

They are half architect half permit processor.

So the windows would be much less with this option.Just not sure if there is advantage in going with first option since I will have renters and any issues with windows are covered under warranty,Thanks for feedback.April in Georgia

I just spoke with Steve Lansbury VP of underwriting at Freddie Mac last Thursday at the MFE conference in Vegas and he said that they no longer have issues with STRs as long as it's under 10% of total units and that they would be willing to discuss it on a case by case basis.