Direct answer
A current Florida condo workflow for structural integrity reserve studies, milestone inspections, budgets, assessments, insurance and lender project review without universal approval claims. Public rules and agency guidance define only their own programs; obtain the current property- and lender-specific decision.
Decision worksheet
| File | Evidence to resolve |
|---|---|
| Building applicability | Age, stories, certificate of occupancy and whether milestone/SIRS requirements apply. |
| Completed records | Inspection phases/reports, reserve study, repair plan and official notices. |
| Association finances | Current budget, reserve funding, assessments, loans/credit, delinquencies and meeting minutes. |
| Property risk | Master/unit insurance, deductibles, repairs, litigation and habitability. |
| Loan/operating file | Lender project checklist, appraisal, dues/assessments and liquidity after closing. |
Three bounded cases
Study completed, repairs unfunded
Read the funding plan, bids, assessment/loan approvals and timing rather than treating completion as resolution.
Assessment approved after listing
Update the contract, lender, title, cash-flow and liquidity files before closing.
Agency review appears acceptable
Do not assume the same result under a proprietary DSCR program; obtain its current project decision.
Joe’s Advice
“Do not stop at “the study is done.” Follow every identified component to its repair plan, funding source, assessment and completion evidence before measuring the property’s cash flow.”
— Joseph “Joe” Pistone, NMLS 2087918
Questions investors ask
Does completion of a structural integrity reserve study guarantee condo financing?
No. It is one project record; condition, repairs, funding, insurance and lender rules still require review.
Are milestone inspection and reserve study the same document?
No. They serve related but distinct statutory functions; determine which records apply to the building.
Does Fannie Mae project guidance control a DSCR loan?
No. It is an agency benchmark, not a proprietary DSCR rulebook.
Should a known assessment enter the property budget?
Yes. Review payment timing, lender treatment and the investor’s liquidity with appropriate professional guidance.
What records should a buyer request?
Request inspections, reserve study, budgets, assessments, funding plans, insurance, litigation, minutes, governing documents and the lender checklist.