Dodd Frank is nothing to play with and the lenders in our space recognize the importance of separation between covered loans and those that are not covered.Florida and Virginia are states where an entity is required to differentiate the loan from standard residential guidelines, regulations and laws.Stephanie

For example, if I know that Dollar General wants to lease the property, I can look at their site requirements and calculate the costs associated with bringing the property up to those standards.

I have never purchased a home before so I was not sure of the standard procedures or proper protocols.

My experience was they were a PITA to work with and the terms were not great.My standard commercial money is 5% fixed for 5 years with a 20 year amm.

@Ricky Jarrell Maybe the HML has a sheet they want you to use if it is a standard piece of info they require from their clients?

Once they are out renovate to your standards and find some good tenants.

Are you using a standard Board of Realtor Agreement, or something different?

I believe it depends on type of loan but I think this is pretty standard.

Canada has stricter underwriting standards and no secondary mortgage market.

Some of which include: Debt ServiceInsurance (proper STR insurance - not a standard fire policy)Taxes (both normal property and STR taxes)HOA DuesVacancyCAPEXElectricity, Cable, InternetFurnitureSheets, towels, etcCleaning/maintenance Gardening/lawn-care Etc.Im sure I missed a few - but you get the point.