Jermaine hereHi Shawn,I live in Virginia and what I noticed was the Association of realtor lease tend to lean more towards the tenant I had our real estate attorney construct our lease that just happens to lean more towards the landlord, also I like to say our lease is a living lease because over the years it has grown longer and longer everytime we would have a conflict or misunderstanding the next tenant would have an additional paragraph,

It makes sense but there are common misunderstandings to the use of "Charge Off".

Some are people who have trouble finding deals, or who want to invest but have full time jobs they don't want to give up, etc.Now, please don't misunderstand, I'm not advocating taking advantage of new investors who don't understand what they are getting into.

It's not unusual for people to misunderstand what they receive in the mail from lenders.

Perhaps you shouldn't use the word "fixture", as appliances and other "personal property" are where misunderstandings can occur, if not spelled out.

Even 9.9% is far below hard money rates.Loans for commercial don't have 30 year amortization. 15, maybe 20.And they aren't 30 year fixed, either. 3-5 year balloons are common right now.1.25 DSCR is probably on the low side.Joel Owens works in this area and might be able to give more current typical numbers.Perhaps I'm misunderstanding.

Like Wayne Brooks I'm skeptical you can buy the note at all, let alone for a discount.You have a misunderstanding here, though:I buy my sister's's mortgage Note from her bank for less than what she owns on it.

I would hope there is some sort of misunderstanding with the agent.

You misunderstand.

Said the office ppw has gotten intense now and it takes them several hours to write the EC.....Also unless I'm misunderstanding your last statement, the nfip insurance doesn't cover anything that isn't under the enclosed walls of the house and garage.