-Most lenders require 5 years of payments upfront for DSCR -Most lenders require a variable rate attached to DSCR vs a fixed rate which means your interest rate could drastically increase during the life of the DSCR loanHappy to discuss alternatives- please contact me if you're interested. 

I just did this in Texas for less than $100 and your mil and ail can both leave you their half on passing with no probate (may be state specific so do your own research).

LTR falls under landlord/tenant law in FL and all I am aware of there is if there is no AC or Heat availability at certain thresholds then the landlord needs to abate rent or provide alternative suitable housing. 

The only thing I’d like to add is that LLC are very state specific, so what qualifies as minimal to do to keep entity “veil” in place in one state might not be sufficient in another.  

If you are planning on occupying the home as your primary home there are specific renovation loans designed for this purpose where you don't bring the renovation money out of your pocket. 

Just wondering if anyone else has had a similar experience or if this is something specific to this insurance company. 

Alternatively, you can have these paid on the HUD at closing but that means you will get less funds/cash out at closing. 

I believe that this mentor is very qualified due to his decades of experience and the books that he's authored and also books that he's co-authored with other well know real estate Moguls.This is a big commitment into partnership and just wondering what the general populus thinks about this agreement.Also, if anyone has suggestions for specifically apartment investing mentors I would appreciate it.God bless

@Shannon Dennis The only IRA option for investing in alternative assets is either a sep IRA or Self Directed IRA and both have IRS rules regarding probited parties and transactions. 

Destin to 30A is pretty good as well, specifically Miramar Beach.