Deal Term: 15 Years Total Buildout/LL Cost: ~$12.8 million (prior to financing costs) Average Annual Lease Revenue: $961,500 - Total Lease Revenue estimated to be $14.4 million over term of the deal.From a pure cash flow perspective - obviously wouldn't do this deal, but factoring in a likely exit within the next 15 years w/ a great credit tenant...

The area I’m looking at is by the water and crabbing/seafood is the main industry, not really near major cities.

I would not want to be stuck in a FHA loan that is under water due to current inflated home prices. 

Back taxes & water bills?

When you say oil heat, is this a hot water system/boiler?

How can I find out the home owner  insurance information for a neighbor if a neighbor failed to maintained his property and caused water damage to a neighboring property? 

Everything in the home is fully upgraded with the past 4 years (plumbing, electrical, roof, foundation waterproofing/draining, new municipal sewer and water connection, etc.)We could expect about $5,000 yearly residual initially until paid off and then we could expect rent of around $825 and rising from that point forward.

There is also the problem of over crowded court dockets that may slow things a bit, and there is a real possibility of the new Delta strain causing courts to close again temporarily.I don't want this to evolve into a purely political argument, but how many of you will be evicting tenants and how many, and how many are you working with who are behind and not evicting them?

Make sure the roof overhangs the eves by 10-12" so water runs off onto the ground and not down the side of the home.  

Does anyone else worry about water in places like Vegas?