Any HML will want answers to those questions plus a rehab budget before getting you a term sheet for a fix n flip loan for this property.I close these types of loans all the time, if you have any specific questions about the process don't hesitate to reach out.

We are seeing big increases in HI because of the natural disasters in FL, CA, etc.

I recommend homing in on what MOST vacationers are looking for in a specific market and try to find properties that have natural features/amenities that are scarce.  

Quote from @Nate McCarthy: Quote from @Tim Delaney: You have a lot going on there and I’m not sure I fully understood your thought process.

In the process of analyzing deals, I reached out a property manager for his fees.

If your current deposit already equals one month's rent, you can't request additional funds.Keep the lines of communication open with your tenants, explain the process clearly, and you'll avoid any misunderstandings.Good luck!

My credit got negatively affected but we’re in the process of building hers ( she had no credit nor bad credit) I think we’ll have her credit above say a 700 in the next 6-12 months.

They’ve just been telling me it’s been processing with Underwriting for three months now.

That can be a tough part, but isn't close to half of the process.

Anytime you are looking at purchasing a condo with a mortgage, the HOA Questionnaire is always going to be a key point of the loan process.