thank you all for your insight. preferred returns and distributions are super confusing to me. anyone know of a youtube video, book or podcast that explains the capital stack a little more in depth?

Search for international people who can explain not only the basics but also culture and expectation differences.Erwin

This story probably explains something that happened when I suddenly got a credit limit reduction on my Wells Fargo card .

Beyond that, a happy tenant is often the best tenant, and I like to keep things that way.Can you explain point 2 a little more?

Can someone PLEASE explain (in detail) how to calculate and analyze a wholesale deal?

Seems really abrupt; at least when Brandon left, he explained it a couple months early.

If I have clearly explained the requirements, the time frames, and clearly set expectations, I know that the borrowers will be happy with our service.

But they might ask you to write an LOX explaining that you are unable to procure a letter from a CPA - and then offer up something else that checks the box.Hope it helps!

We explained that  we would be listing this week and allowed them to look around.

So that is written as a DTI of 1.2.Here is an explainer from a lender:https://www.rocketmortgage.com/learn/debt-to-income-ratioSo if your goals clash with your DTI, you may have to lower your debts before a lender will lend you more money.You mention 1 mortgage, but then you mention having cash from a cash-out refi on another property - which sounds like another mortgage floating around.