I gestured, and said come on let me improve your day a little bit and get you some coffee, and maybe something a little sweet to raise your blood sugar to help you will feel better.

If the cosigner/guarantor owns real estate for example, any unpaid judgement will become a lien on that property and raise the odds significantly for eventually getting paid.If the cosigner/guarantor doesn't have assets like real estate to go after all they are offering you is a promise and last I checked you can't cash a promise!

If you do find a deal and maybe it doesn’t cash flow for the first year or 2 but you can make improvements, raise rents on under market leases, manage property effectively and cover your expenses at least you will have started and can look for better cashflow over time.

If some applicants fall below your requirements, then everyone would be considered "conditional," you can raise the security deposit to mitigate your risk of someone breaking up or defaulting. 

How do you determine the property should have an NOI of $400K without raising the rents?

Unfortunately, those that do not allow a ppp will often raise the rate or charge origination to offset their risk of having no PPP on the loan product.If anyone is interested in the Ohio statutes, you can read the summary with links to specific statutes here:https://com.ohio.gov/divisions-and-programs/financial-instit...Interestingly enough, the PPP statues only apply to 1 or 2 unit residential homes with a few other "ands" in order to meet the criteria. 

I’d look at how long you plan to live there first as the longer you live there typically the higher you can raise rents organically due to inflation and the overall cost of living increasing every year.

Our capital raise is not over, the target for this fund is $250M.  

Most real estate investors who raise LLC questions on BP forums cannot articulate the risks they are protecting against or how an LLC will provide the appropriate levels of protection.

Where I was raised in Cupertino  same thing.. values compared to San Jose can be double or more..