We gave a final offer of 417,500 and closing costs, and they accepted.Currently in the middle of new floors, a new bathroom, new kitchen lay-out, new trim—after completing tons of demo.

Find another PM... why just give up after one said no?

After careful consideration of where I want to take my business, I've realized that raising capital isn't the direction I'm interested in.

The reason being if you show them those reserves and the deal goes bad, they are gonna come after you for that $ and that will put you in a really bad position.

A $1700-2000/month rent doesn't get you cash-flow on a fully leverages (after refi) $240k property. 3.

I would send them notice today that explains what will happen after the current one-year term ends.

This allows me to tune pricing after spotting trends. 

I rented some after they were updated and sold some. 

NOI Underwriting Methodology: NRI and EGI, real estate taxes, operating expense underwriting rules of thumb, replacement reserves, appraiser’s impact on lender underwriting, expense comps, etc.10. 

I'm researching them myself, after a tip from an investor friend, but can find essentially nothing whatsoever about them.