Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

This is a fantastic question, @Ryan Deasy!

My lender, and realtor were fantastic, and on point.

Wow, very creative deal with fantastic numbers!

It can't be too rough due to the VA guideline though. 

Over the next 12 months, we will be implementing financial and operational procedures, on-boarding the asset to 4M Capital’s platform, and carrying out capital improvements.Major Deficiencies:-8 down units (demo'd to studs)-High vacancy and delinquency-Poor management-Deferred maintenance  Upgrades / Capital Improvements-Bring down units online-Install new heat and air systems -Install new doors / windows-Add amenity package-Upgrade kitchen / bathroom / appliances -LandscapingDeal Economics Construction BudgetA few cool shots with the drone.. don't let the dreary weather fool you, this is a great property on a fantastic piece of land, just needs a lot of elbow grease and a little TLC.   

If the economy is trending down and lending guidelines tighten, it's hard to know how those guidelines will change, or what changes will be necessary. 

Lender stated that FHA sent a cease and desist letter, however when I contacted FHA, they confirmed, they do not get involved until guidelines have been violated. 

I would use your 3x rent guidelines and credit score to see if the parents qualify.If I was using a strict 650 score or above none of my units would be rented right now.

If you're looking for title services, they are fantastic and Seminole is just south of Largo.