Besides negotiating with the seller's agent, we are also investigating if other funding vehicles are available that we could use to pay off the hard money loan and have a more reasonable interest rate to help lessen the financial burden of them being in the property should an eviction be necessary.  

The scope of the work is general rehab stuff: floors, windows, doors, light weight exterior work, paint, fixtures etc.We are not looking for bottom of the barrel cheap labor, but fair priced rental quality work.Also, we would like to purchase more properties if we can find a contractor or network of contractors we trust.

The weighted average of the tranche yields calculates the required CAP rate.I explain this in detail in my article athttp://bit.ly/18tE68HYou can also watch my YouTube video athttps://www.youtube.com/watch?

I think the benefits far out weight the down side..the amount of deals I get yearly from fellow agents that know I am in the bizz far out weight any negative.

Here are the details you are asking for-By shame on me I mean with a little more digging I would have seen more red flags in the borrower rather than being more weighted in analyzing the value of the property and  LTV ratio.  

A good real estate attorney will be worth their weight in gold here.

I had 3 full size dumpster loads of trash on this house, with 2 of them being $150~ over weight limit.

I would imagine things could get difficult with four opinions of equal weight.

More weight should be given to other factors, such as rental history, income history, legal history.

A HML or single equity partner is also going to be a big fish with a lot of weight on your project.