Additional revenue on these condos will bring in approx. $60,000.

Also, while you may not purchase a co-insured policy, most all policies have an internal co-insurance clause, requiring you to carry proper coverage amounts, or be penalized at the "option" of the carrier.

My long-term investment idea would be to would be to Add as many revenue generating properties as possible.

.- Internal Rate of return of ~15% and cap rate of 5.5%.

More weight is given to "Debt Coverage Ratio", which is basically your ability to cover the debt obligation with the revenue from the building.3) Overall terms are also different than typical residential mortgage.

And I may the mortgage down (or put more than the minimum the mortgage requires, to bring revenue and expenses into line).

Your revenue will be built based on your occupancy rate and average daily rate of usage. 

Once I feel confident that I have a solid property, I want to focus on finding ways to increase revenue. 

Typically they are high net worth individuals or groups (sometimes international) willing to buy something all cash and accept a minimal COC return for nice building w/ little maintenance etc.

@JD Causse the lender wants to make sure of one thing - and that is making sure that there’s enough income/revenue to take care of the operating expenses and service the debt.