Covering my bases!

So in lieu of responding directly to the resident(s), I figured I'd touch base with the BP community to provide some insight.

I do not personally use him based soley on the fact that the firm is virtual.

Quote from @Dean Harris: @Mike SferaThis is a great question and one I get from our client base often here in Memphis, TN.

Due to inflation and the drastic increases in material, labor, and supplies, that's naturally caused carriers to rethink limits/values on file. 

The DSCR loan would allow you to qualify based on the rent you are collecting and get up to 75% of the value (175 x 0.75 = 131.25k, minus 20k payoff and closing costs.You could get a line of credit or a bridge loan against it to borrow money, but it would be higher interest.

Don't put a high list price based on what you want, needs to be based on solds

I would like to offer a different perspective on RTR Academy based on my experience, which, unfortunately, has not been great so far.

I would not advise to steer clear of this test based only on you having a job.

Not sure if hard money would be the correct route to go for this one or notHey @Scott Allen I generally run the initial underwriting to minimize the developer's equity (@Shayan Sameer) based on the max LTV % or LTARV % that the handful of HMLs that quote me on my deals.