They only need to close within a time frame that includes the first one to sell (in other words they all sell within 180 days of the sale of the first property) as long as you can locate the right replacement and get the right terms.Another very attractive option would be to scale down a little and maybe look for a replacement property that you could get for $600K - like a 2.4 - $3 mil property that needs $400K of work to get it to high functioning. 

When you write things like 'jump in the deep end' perhaps what you're really looking for is some sort of a step function. 

The loan officer serves several functions and has various responsibilities: they solicit loans, they are the representative of the lending institution, and they represent the borrower to the lending institution.loan originationHow a lender refers to the process of obtaining new loans.loan servicingAfter you obtain a loan, the company you make the payments to is "servicing" your loan.

We hadn't had time to check the roof yet (it's functional but at the end of it's life). 

I don't condone his crimes, but if he's okay and fully functioning right now and paying rent and maybe even a nice guy, then kicking him out would just be ridiculous.

College towns like Auburn don't function like other places.

For tenants you think functional/durable which is usually in conflict when dealing with a SFH property.

I've run a kitchen for years. 70 - 80 hour weeks regularly that are physically and mentally (most kitchen employees are not the most functional adults, it's partly a babysitting job) exhausting.

I offered 150k all cash, 100k earnest, closing 4 days or less, and only due diligence as a contingency to get someone out to see if the foundation was still functional.

I'd like to meet the guy who came up with these % rules....Your capex ("major improvements") budget is a function of the age, the condition and the replacement value of them home.