On a property of this size I would suggest trying to partner with an established management firm so you can learn the business until you get your arms around this project.

The rotating arm just above where the water sprays looks to be okay.

As part of my MLS I use Zip Logix Digital Ink.

I am hoping to learn all I can to arm myself for the real estate business I will do all I can to learn until I have acquired the necessary information that is needed to become successful.

Daughter #1 bought short sale assessed at 178K for 120K and got a 20K fix up loan with $0 down as it was a In House ARM from a local bank that will get refinanced when the work is done in the spring.

@Julian Buick  sounds like a less than arms length transaction you should be fine is my guess but sure would not hurt since you know the borrower to simply fed ex them an original note with a return fed ex and ask them to wet sign it.. then there is no issue. and if its a good borrower they should gladly do that.NOw some of my closing attonreys are usuing docusign on hud 1 or escrow instructions but DT or mort always is original of course.. and Notes to date have all been wet.

Are ARMs my only option here?  

It's been nice to experience a widespread yet local community within arms reach after finding local Meetups available in the South Bay/Westside and OC areas.

"sale disqualified...." is just Lee county's way of saying it's not an arms length open market transcation, therefore it's not used for market value determinations of the neighborhood....nothing more, nothing less.  

My loan was, believe it or not, fixed 30 arm adjustable twice a year - - and that never became an issue.Like @Cary Plotkin, I started with class-c & deferred maintenance.