Worry about getting the first one right, cause by my count if you lose on that one you are out of the game and you are a giant underdog in Baltimore to be successful to start with. 

@Franklyn Benjamin Listen to @Russell Brazil... the transaction will be fully taxable under DC's "controlling interest" transfer law which can be found here:https://code.dccouncil.gov/us/dc/council/code/sections/42-11...Then consider the due on sale implications and this sounds like a giant loser.

Every Tom, Dick and Nancy has entered via the "cool" fun of "investing" via the popularized whatever, all chasing "stocks only go UP"...... 

$25k seems steep unless you have a giant/complex portfolio.

For days, literally days on end there was giant mobs running the street looting and burning.

I’d start by calling one or two of the smaller DSCR outfits (not the giant ones) and explain the structure exactly like you did here — clean, honest, and clear.You’re basically doing everything right — you just need a lender who knows how to color outside the lines a little; Joe, I hope this helps you a bit, I sent you a DM on BP... its one of the reasons I do this, I hope you can assist.

For people reading this - I don’t know the sponsor and this is a general comment but if a sponsor had issues reporting to their customers that should be a giant red flag.

Does quality cost more..... in a way, if you ignore the giant risk and expense to go with "cheap". 

Why the giant difference, because, again, I am a real life Investment Real Estate Broker, it's all but exclusively what I do day in and day out 6 days a week, year after year. 

Trash is collected by the HOA 7 days a week, etc.Most of the resorts have a big clubhouse amenity area with giant pools, waterslides, mini golf, splash pads, movie theater, etc.