Thank you for the inspiration and also the down and dirty of a deal and stewing put into the unknown and sharing your story!

I completely agree with you and I think it's fear of the unknown causing me to want to sell right now.

Siding, windows, doors, and floors all need to be replaced, in addition to a new addition being built for the kitchen that is also needed.Type of financing sought: Unknown???

Now the status of this apartment is unknown, and after I call the inspector, it's a no return point.

There are unknown variables that can completely change the stabilization and exit projections.

Does anything work in our favor by the fact that these issues existed prior to purchase or that the specific issues raised were unknown to us?

We’ve seen too many clients go for the slightly lower rate with an unknown lender, only to have the deal go sideways because the lender messed up (dropped the ball, couldn’t close on time etc.).

@Nathan Caffero the answer to your question depends on so many unknown factors like: your goals, knowledge, experience, desired market, network, opportunities, etc.

Not easy to find deals in unknown neighborhoods.

TBH should have been identified back at the preapproval stage.If anyone is curious, I believe the guideline came into effect to stem the flow of inbound capital from sources unknown getting parked in American rental real estate that matched certain criteria.