Were you able to get home inspectors and/or contractors into the property to give you a report and bids? 

@Dan HeuscheleI will be ordering a system this next week and will report back on how it goes with the install. ( After some more research, I think I am going to go ahead and install this one myself).

I worked with a group that transformed an apartment building into a boutique hotel in NYC, and while researching, we were able to find trade reports detailing everything from cost per night for housekeeping (even down to the toilet paper) to how much hotels in each class paid in rent.In this area at least (I know very little about Orlando), hotels operate on very high break even occupancy rates - most are in the mid 60s to low 70s, and in the city, its in the low 80s!

We have received the rehab quotes and inspection report and our offer is probably a bit high for our returns.

You can call 1-800-7-Fannie to report fraudulent activity, which I suspect is occurring in this case - again, specific to Fannie Mae's rules.

Can I request previous tax returns and expense reports?

My target market will be foreigners that own or are looking to owning a property in Florida.

You are required to apply depreciation and capitalize repairs, if you didn't pay for the costs, and report the costs or don't report the costs, it's a false return, if you claim the costs of repairs or improvements, and didn't pay that cost, it's fraud!

The aim of this report is to describe the procedural steps and preliminary results of VAAFT.

It is a great way to do an Open House for your foreign or distance investors/buyers.