It isn't insanely different from regular deal but it is also great not paying high fees for a DSCR loan.

The cost of entry is low while the cash flow is high.

@Graeme Harris This is going to very highly by location and their rules.

Low quality tenants, and high vacancy usually follow…..

My partner works in finance and I have been managing high-profile construction projects for about a decade.

That’s reallly where I like being, I rather buy 100 doors at $200 per door, than 10 for $900... get decent cashflow today, and the wealth tomorrow type thing.We buy dozens of SF units each month in one arm of my real estate business, which can include the low volume hard rehabs, or high volume turkey style properties.At the sametime I’m also investing my cash into MF directly myself, or via syndications. 

Look at most mid to high-end appliances these day.  

Boca is highly trafficked, but also full of HOAs and residents, part-time or full-time, so they aren't big fans of having randoms next to them.

. :)  Well put, when you provide a quality product you earn respect and credibility.

I highly recommend letting the attorney prepare the operating agrement based on questions they present you rather than have them mark up your version.