Hello folks,Wanted to get some of the key criteria folks use in evaluation whether a deal is good or no. I for one built a simple chrome extension to see if the mortgage is less than rent and accordingly provide that ...

I hate to be the bearer of bad news, but such P/E levels are not sustainable and be considered an expansionary or growth cycle.This does not mean a hard crash is imminent, but it does mean the dollar will be significantly weaker for certain just how it gets there is anyone's guess. 

A 5 year arm might be a bad idea in this case. 

they probably have a bunch of 3% nonconforming loans on their balance sheet so 5.5% is not bad, totally reliable payments, plus in a legal battle they'd likely find the power of attorney didn't extend to the ridiculous term and that there was no breach of any enforceable agreement.   

It may not be a bad idea to give yourself a few months to network and learn.

Then your strategy of offer full price and then negotiate down / what if they say we will fix the repairs then you would be forced to close and lose your EMDNot sure where you came up with this but many will view components of this as unethical and why investors get a bad rap from politicians

Patience can be your best friend and if you attempt to over leverage a property it can come back to hurt you.Some will recommend buying subject 2 where you could take over an existing mortgage that could be at a substantially lower rate - but if the lender finds out and calls the loan that could also be very bad.

First deals have a bad reputation for being a "miserable experience."

To dismiss it is every bit is as bad.

We are in the midst of a bad experience with Evernest in CO.