In this document (Link Here) it states that "Service animals are defined as dogs that are individually trained to do work or perform tasks for people with disabilities.

NOI Net Operating IncomeDSCR Debt Service Coverage RatioDE Ratio Debt to Equity Ratio.Scenario comparing use of COC vs ROI to evaluate performance of a potential investment:100,000 property purchased using Cash100,000 cash purchase.$12k per year in cash-flowCOC 12000/100,000=12% COCROI 12000/100,000=12% ROI100,000 property purchased using leverage (debt).  20,000 down, 80,000 financed. (400/mo payment)$7200 per year in cash-flow ROI 7200/100,000= 7.2% ROICOC 7,200/20,000=36% COC/CCRWhy does this matter? 

The problem is the lender is making us sign a form saying we will not occupy the property and that they can and will perform occupancy checks.

Also, would a bank appraise the property if they did none of the improvements?  

I personally hold 5 CFD's with values in the low 30's but  valuations in excess of 70K on each property.The reason i like the CFD's are that in the event of default, as a general rule, you don't have to foreclose, just evict which is much lower cost and more important to me faster.If the borrower defaults and I have to foreclose, I can turn around and sell the property again at an updated price.Since i only paid in the high teens for each of the notes, the downside is something I can live with.BTW, all notes are fully performing and I'm getting an average yield of 28-32% and have about 250 payments left.Final comment.

In fact, most of the "housing distortion" you see in these markets I think can be identified from the regulations that were trying to solve a real problem but just got in the way and either made building new apartments more difficult, or maintenance and improvement of neighborhoods more difficult. 

You could perform a walk through of how to prevent pipes from freezing on property and have them sign an addendum stating they have been informed and assume responsibility if pipes freeze within reason.

Had my real estate agent perform a video walk through for me since I was out of state and could not physically be there.

Had my real estate agent perform a video walk through for me since I was out of state and could not physically be there.

Depending on how much the property is worth the refinance can be used to improve the property.How much are the properties worth?