My bet is that the water lines can be fixed conventionally after using American Leak Detection's survey of the leaks -- we rarely replace entire water lines.As for the numbers, you have to buy this based on not greater than 1/2 of the value of the park when finished, less all cap-x to inject into it.

This is also expensive and can not be done with conventional financing.

Purchase price: $127,000Cash invested: $48,848 (conventional loan @ 75% LTV + ~$13k rehab)What made you interested in investing in this type of deal?

If you were looking to purchase a small multifamily under 500k, how different does the rate / term look today on a 4 unit conventional vs a 5 unit commercial loan.Context: I just sold a property and now looking to purchase a new one via 1031 exchange.

It's also about 1-mile from the Convention Center and Broadway at the Beach.

conventional 30 year loan through a local bank that is exclusive to the resort How did you add value to the deal?

I scaled in last 3 years and thanks to the book, my ROI is in double digits.

It has appreciated enough that I am refinancing into a conventional.

Questions / Notes:- Will I have any issues getting and closing with a conventional loan here? 

Do you recommend paper checklists or do you use digital formats like YM (Your Welcome) that provides the tablet for guest guide and cleaning checklists?