Looking at a long term deal and wanted to get some feedback on whether this is a deal or not from people who have more knowledge and experience in that field.Details:ARV: $530k (conservative, top of the market $570k)Acquisition: $500kCondition: Prior rental, No major issues (roof, AC ,etc), paint & flooring need replacing, misc handyman fixes.

Through some serious digging, and calling several governmental departments (all of which were as confused as we were) here's what we found.1) The Department of Agriculture (PA) turns out they're the ones who enforce laws in and around service animals (news to us!). 

That should cover the majority of your costs.

However, it is FIXED for 30 years, which is the major difference from COMMERCIAL loans.

., the majority of closing costs aren't actual costs; they're just pre-paying insurance and taxes.

I'll obviously ask if there are any big issues he knows about (I believe it's in his best interest to disclose since if we go to contract, he'd have to legally sign saying he's unaware of any major issues).

@Brandon EllisThere are major limitations in coverage under the Federal Flood Insurance program that may affect your decision. 

In exchange, he signs a new note and deed of trust with the exact same terms as what is remaining on the CD.Btw, speaking only Spanish in most of Texas is no disadvantage when it comes to buying real property as every title company has Spanish speaking personnel and every major real estate and mortgage broker does as well.  

In 2019, is it unrealistic to get a CoC return over 10% for a property in Orlando market that does not need major rehab?

In 2019, is it unrealistic to get a CoC return over 10% for a property in Orlando market that does not need major rehab?