@Curtis Prince  Yes, if it's in the loan docs the lender can call it. 

Hello experts what are your thoughts on the market in Prince Edward Island lots of Cash flowing properties which are little bit over priced right now but have great cash-flow and low appreciation what do you all think and whats your opinion on this specially markets like Charlottetown nearby areas.

https://www.cnbc.com/2023/01/0...PUBLISHED MON, JAN 9 202311:11 AM ESTUPDATED MON, JAN 9 20236:57 PM ESTBy Diana OlickMortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about what had been an overheated, highly competitive housing market.A monthly housing sentiment index from Fannie Mae showed sentiment improving from November to December.

I am also including a 2% closing cost and one months rent as a leasing fee, just to cover all the bases you outlined in your post.Property value $93kRent $900/month $10,800/yearLoan term 15yearsRate 4.85%Down payment 20% $18,600 Closing cost 2% $1,860Leasing fee $900            Total Cash Down $18,600+$1,860+$900= $21,360Loan payments (princ&interest) $6,990.64 (Of this, $3,458.45 is princ)Escrow (insurance&taxes)

Hi @Diana Jing!

The Nigerian Prince that contacted me on here isn't real?!?

I run into an individual here while looking for PM and rehab in I diana's and he pretty much took my money than disappeared.

@Diana Bik Boeck I reached out to them for a property in Santa Rosa, but   decided to keep that as long term rental.  

Quote from @Diana Villalon: Thanks everyone for this information, I seems the last posts are from two years ago.

So that's a good thing.So many fake lenders out there these days trying to scam newbies out of up front funding fee's  .. its the Nigerian prince scam coming to private lending..