The loan may carry lockout features and other stuff like that so it can be matched with the right secondary market money, but these loans do exist.  

I used to integrate investing and entrepreneurship in my Math classes all the time.  

Subtractions to that include tax and insurance at $2,000, vacancies calculated at 5% of rents, Maintenance estimated at $1,000, capital reserves estimated at $1,000, and management estimated at $2,226. ( I usually have to pay 10% of rent + one month's rent to find new tenant.)If I have done my math right I get $7,066 for expenses and net operating income of $9,734. 

Try to factor in math for cushion.thanks,Matt

That could mean the secondary structures are not allowed to be re-built or that any re-build must be on identical foundation (or footprint) in exact same location on the parcel.

I've never had an interest in school other than math.

The secondary mortgage market is literally in the Trillions of dollars.  

An umbrella policy will cover multiple things, such as secondary coverage on your personal liabliity, secondary coverage on your auto's, as well as multiple homes, both primary and rental, business pursuits, recreational vehicles, farms and equipment, vacant land.

So this is a secondary issue, but it is also important one.

So, if it needs roof, flooring, paint, etc and contractors total quotes come to $10K for easy math.