Red flags?

I have worked in sales for several years, and am used to this, but it still frustrates me at times.Set your offer range and stick with it!

Back when I first started looking in early Feb, prices for the exact type of townhome I was looking for have jumped 50K, and it just isn’t feasible for me at the moment.

Some markets may not cash flow that well and I get that but to say that it's okay to be in the red for multiple years because you have underwritten the market and know values will go up sounds crazy to me.I have only done a few deals to this point so maybe I am missing something but I would love to hear your thoughts on heavily weighing appreciation as the decision to move forward with a deal even when negative cash flows are the most likely short-term situation. 

That being said, a lot of my guests also were visiting to go to the mountains (or Red Rocks Amphitheater for a show), so it isn't all about downtown, but Adams/Centennial would add another 15 minutes on a drive to the mountains. 

NonQM loans aren't as regimented as conventional/govt, but the investors are much less likely to budge when there are red flags, such as a significant difference between two appraisals.

And for a seasoned developer to insist on cutting out the GC would be a red flag. 

(different beast)  I am a good meat and potatoes builder on the apartment side.  

Not that your $500,000 doesn't have a place, but will there be enough Meat on the Bone for your $50,000 or $100,000 investors along with your Management or Syndication fees?

I know it's not on the market right now but if you're interested in selling please call / text me at 716.555.1234.Respectfully,MikeI've sent this letter to the same owners 2-3 times.