Of course, after you tell them that, you do keep trying to help them, and work out a deal that everyone is happy with in the end.

Or should I try to find a deal now and start the loan process?

Nice mixed use property came up for sale practically in my back yard in rural, south of Pittsburgh, Pennsylvania.  10 residential apartments + 3 commercial spaces.  They are asking 950K.Gross rents: 100,800Utilities: ...

Appreciate detailed calculations and clarifications on if/how this is calculated different from a new deal.

As it is right now, it is not a good deal for anyone. 

Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k!

However, finding these deals can be quite challenging if you are new to this market, as it varies street by street.

You would have to buy that property (or a % of it) and then contribute it into a new LLC.Since you're buying the actual real estate as a tenant in common it does become a little easier to deal with the debt.   

I don’t know that there are certain buildings particularly and heavily populated areas that do not allow for Airbnb rentals but that’s completely different Love you deals directly with the homeowners Association of the property and not necessarily Airbnb or the state of Florida.

Terms can vary based on the lender and the strength of the borrower or deal.