That leaves us with an ineligible transaction, as the condominium is non warrantable."

Some food for thought questions that went through my mind as soon as I read your post:[1]   Are there other C, C+ homes and apartment complexes in the very near area?       

This year has been an exciting one, I’ve been fortunate to keep growing my portfolio, and my business partner and I have jumped into some larger apartment complex deals that are going really well!

-Townhome and condominium closings declined 13.5% with 404 units sold.

Purchase price: $350,000 Cash invested: $50,000 Cute condominium located at the feet of Lake Oswego downtown on the Willamette River that forms from Columbia River and travels through the state or Oregon.

Year-round community.VisionWe are introducing a multi-sport, wellness, and entertainment complex designed to become a year-round hub for activity, connection, and community in Southwest Florida.

The lender they selected for me was a small bank for a $914,000 construction loan to build a 4-unit condominium building.

In my experience, a fair origination fee for a mortgage broker or loan officer typically ranges between 0.5% – 1% of the loan amount, depending on the complexity of the deal, the type of loan, and the market competition.

Perhaps consider forming the condominium while the renovation takes place and keep the units as rentals.

A good title company can handle many complex real estate transactions.