Some borrowers have difficulty refinancing because they have insufficient equity, mostly because the value of their property has not returned to an amount that exceeds what they owe on the mortgage.

IMO, they result from the HOA management establishing reserves that are insufficient (underestimated replacement cost or inflation not accounted for), or the reserves fail to even consider that certain HOA responsibilities will need replacing, or no reserves whatsoever.

We're lucky to have an excellent HVAC/electrical/plumbing guy whose who is worth his weight in gold; he's diabetic and I'm giving him freebie nutrition lessons (I'm a registered dietitian in so-called real life) to keep him going!  

You'll find that those seduced by the myth of progress and the chronological snobbery it breeds don't like Mike Ferry because his methods are insufficiently new.

If the scenario did actually happen and Investor #2 did use an FHA loan with little down and was achieveing only $$900 a month of cash flow on four duplexes and a large expense did come and there are insufficient funds available (32k for repairs) it could be a major problem that can destroy ones finances.  

In Calif, we are allowedfirst + lastORfirst + deposit and the deposit must not exceed 2x the rentHowever, I've always insisted on the rent + the security and move-in when I hand over the keys - - insufficient funds voids the signature and the unit goes back on the market.Never take partial payments and don't prorate time payments on the deposit.

However this data may not be in a format that is helpful (APN's and legal but no street address), many scrappy junk odd lot parcels and insufficient or incorrect owner addresses.

True you _can_ do it all yourself but no one tells you that:- A generic operating agreement may be completely insufficient to protect you or do what you want your LLC to be for you. 

Lack of gutters on the home and insufficient foundation support led to a new support beam needed underneath the house which will cost $15,000.

I could turn someone down based on insufficient credit and income, to a point.