Appraisers do not exist in the world of mortgages because nobody else can figure out what the property is probably worth - any monkey can do that.Computer programs can not be programmed to calculate human objectivity as it translates into dollars. 

All it takes is one breakthrough to radically alter the course of the future.

I panicked, thinking tax structures and incentives for investors like us might get altered to a point it may not be worth it, but the way you break it down - makes sense!  

Yes, it’s still a seller’s market.Depending on who you ask, it’s either a return to normal and everything is going to be great again, or the last gasp at the top of a market cycle before the unemployment/stimulus runs out.Nearly everyone agrees that taxes are going to have to go up to pay for all of the government rescue programs.What kind of taxes and how it affects RE remains to be seen, but it’s not usually good - particularly if they target 1031 exchanges, alter the RE depreciation schedules, eliminate the 25K loss that can be taken against ordinary income, etc.Similarly, we won’t know the effects of the mortgage forbearance programs, and eviction suspensions in some states, until later this year.But for right now, yes, things still look pretty good out there (if you’re selling, anyway).

Also, it took me a minute to translate NL, AL, and DL to New Listings, All Listings, and Deactivated Listings in the Excel file.

These dramatically alter the numbers in your favor.

In addition to the density bonus you also get up to 5 "incentives" which can be used to alter or reduce development standards (such as increased FAR, reduced setbacks, etc).

(Interesting that the credit score LLPA is highest at 75-80% LTV).How do you then translate the LLPA (Loan Level Price Adjustments?)

It's a good term to research and familiarize yourself with.I charge a fee any time someone wants to alter a lease.

Realtor altered me to the home.