HOA are increasing tremendously due to the amount of repairs/up to date requirements for the older condos.

I would talk to some other lending options - a 3 year prepay is far from required or forced on DSCR Loans - there are some DSCR Lenders that will have lower prepayment or even no prepayment penalty options as well

Asbestos, given its health risks, requires professional assessment and potential removal or encapsulation, with costs ranging from $1,500 to over $30,000, based on the extent and abatement method. 

We negotiated a 75% bank finance, 25% seller finance deal that required no money down at closing and no work needed, given it was turnkey.

Check with your local municipality for their Boarding House requirements, as that is what you are creating.

 16 terms you need to know in commercial real estate:1.Internal Rate of Return (IRR): A metric used to estimate the annualized return on an investment based on the timing and magnitude of cash flows.2.Cash-on-Cash Return: The annual income generated by a property expressed as a percentage of the initial cash investment.3.Discount Rate: The rate used to discount future cash flows to their present value in financial models; often represents the required rate of return.4.Capital Expenditures (CapEx): The funds set aside for property improvements, renovations, or major repairs.5.Gross Operating Income (GOI): The total income generated by a property before subtracting operating expenses.6.Operating Expenses: The costs associated with managing and maintaining a property, including utilities, taxes, insurance, and maintenance.7.Debt Service Coverage Ratio (DSCR): A measure of a property’s ability to cover its debt payments, typically calculated as NOI divided by debt service.8.Loan-to-Value (LTV) Ratio: The ratio of the loan amount to the property’s appraised value, used to assess risk in financing.9.Equity Multiple: A measure of the total return on an investment, calculated as the ratio of total cash flows to initial equity investment.10.Residual Land Value: The estimated value of land after deducting development costs and desired profit margins.11.Sensitivity Analysis: A technique used to assess how changes in key variables (e.g., rent, expenses, interest rates) affect financial model outcomes.12.Operating Pro Forma: A projection of a property’s income and expenses over a specified period, typically used for budgeting and financial analysis.13.Cash Flow Waterfall: A structured distribution of cash flows to different stakeholders in a real estate project, often involving equity investors, lenders, and developers.14.Leverage: The use of borrowed funds (e.g., a mortgage) to finance a real estate investment, potentially amplifying returns but also increasing risk.15.Equity Investment: The amount of money invested by equity partners or investors in a real estate project. 16.

If yes, you may be required to report it to the US2) Are you working in a foreign country continuously?

The land would have required approval prior to being divided up.

Focusing on a move-in-ready home that accommodates your requirements (such as a 3/2+ or 4/2+) and is conveniently located between NAS Pensacola and potential employment locations for your wife, like Hurlburt Field or Eglin AFB, is a smart move.

Because most HML's require it.