This is not surprising as that's how water is dealt with in every state we cover.But yes, this should be fought... based upon the facts presented, seems unfair for lien to be recorded years later.It's also possible information regarding this bill was available but overlooked due to its age.

Some base it only on property and dscr others take fico and liquidity.... and some take all.

Following - I'm based in California

A fix and flip is based on your credit, assets and most importantly the property itself. 

Based on cursory reading looks like your purchase might qualify for USDA B&I.

I am also going to required annual increases in rent based on the CPI index, among a few other things.Does anyone have experience with this?

You basically need to assign a value to all of the personal property (furniture, appliances, TVs, kitchen supplies, etc) inside the STR and they'll send you a tax bill based on the total. 

Call a local commercial real estate broker and get a Broker's Opinion of Value, or ask for current cap rates based on the Class of property.

Hi Patricia,I would recommend speaking to Realty Exchange Corp, they specialize in everything 1031 exchange and are based in Virginia.

These are generally 12-24 month interest only loans that borrowers will generally pay back by selling or flipping to long term financing like DSCR loans.More on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.