So even though the buyer agreed to the price, had a pre-approval letter from said bank, during final underwriting, bank said actually.. we aren’t going to finance this for you because it puts your monthly payment too high and with your past credit issue, we don’t have faith you’ll pay us back regularly (obviously in a much more professional manner, yes I’m still bitter ha) long story short, we allowed a couple extensions to see if the buyer could get another form of financing, they couldn’t, contract was terminated and they got their EM back because of the clause in the contract stating if they couldn’t get financing, they get it back.

The more equal you make things the less chance I feel you have for people to be bitter, even if they sign up knowing full well there is not an equal distribution of money, or work.

It's bitter sweet.

Only way I would do that is if YOU HAD flood insurance and they were denying it.. but if you do not have flood insurance and fema does not have a responsibility to cover non owner occ.. then that's the risk of being an investor.. you have to deal with it as bitter of a pill that is to swallow.

Many times you are dealing with bitter tenants when properties are sold, and most real estate agents/new investors just are not aware of the things you should do before you offer and/or close on an investment property.

So, my concern is that they may be bitter and try to cause issues.But, I cannot worry about them now - as long as I take reasonable precautions.I will ask for the tenant file.thanks,AK

They are willing to owner finance with terms that rival what banks are offering, but without the closing costs.

Just from looking on Zillow there were literally hundreds and hundreds of homes listed for sale in the city, rivaling even Manhattan.

If it's numbers and the numbers are rivaled by single family, it's tough to justify not looking into multifamily.

Based on what I've experienced in the last 3 years with a couple of friends who are very successful but have gone through bitter divorces, I'm not judging anyone.Also, I just left a job where people were overseas more than they were home for long periods of time.There are just tons of reason why solid, upstanding people don't live the way you might expect them to.