the economy is still soft but this is the beginning of higher rates....http://www.prnewswire.com/news-releases/bankrate-mortgage-rates-nosed-higher-leading-up-to-fed-hike-300194351.html

It needs HVAC work, band sill repair, it has a soft floor in one bathroom while the other one is half finished.  

One thing I have learned in life is that the soft people get paid last.

If you're putt a fence up to contain a one hundred fifty pound pit bull, a soft plastic roll sort fence certain would not work.

I know you're a soft landlord so that makes two of us.

My wife and I just soft-launched our second vacation rental property; I'll be posting about it once we're officially launched and have professional photos taken. 

This adds weeks to the close because the construction needs to be finished, then we need to wait for the appraiser to come out and report back to Wells Fargo and then Wells Fargo will need two weeks to close for whatever reason.This is the beginning of a long journey but this was quite a lesson that hopefully does not derail the deal.  

And unless you really know how to evaluate deals and understand the hidden "soft" costs of rehabbing it may not be as good a deal as you think. 

The process there all went smoothly, then they turned around and sold it to Wells Fargo. 

Thanks Stuart, so if it will cost 1M to build, land + hard and soft costs, lenders will lend 800k and he will need to come up with 200k?