Hmm...while a loan can be considered a security, most loans are not (except in specific instances i.e. multiple lenders in the same position with same terms on one note).

Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.PenFed - max 3 other properties, 89% LTV Regions- yes HELOC but no LOCSCCU Florida 70% LTV, 6.25% interest only, not LLC TD BankTIAA Direct was EverBankTower FCU, all states except TX, max 45 DTI, green card ok.

Good neighborhood and exceptional purchase price.

However, we just got news that the University will be closed again for next semester except for online learning and that has a big affect on people coming and staying that are visiting the area or have kids that already go here.

(e) Building homes for future sale (except under the Builders CAPLine program).

These is an exception with pre-existing relationships with investors.

Except I do own a rental in Cape Coral and I do know that a screened-in patio does add to it's appeal, so, I'd think a full Florida room would add more.Now, the Lender may've also not wanted a cost-to-cure on there, but the appraiser should've still accounted for any added value they thought should be there.

I understand all except one part: If you go to the "results" tab at the bottom of the spreadsheet, line 27 where it shows the "profit at sale" row, I'm trying to understand why there are negative numbers for the profit?

Co-ops are a lot like condos, with some notable exceptions.

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?