Most often a quality described as 85% is good enough.

Originally posted by @James Wiltz:Yes understood, and that’s what the original question is, I’m sure there is a way that this can be accomplishedSo, if your deal was good enough, you CAN apply for that "Delayed Financing Exception" straight away - without having to come up with ANY further deposit.

Be careful not to just assume approval of plans is good enough and finish the project.

once you do have a property under contract at a good enough price for a buy and hold investor, (not at a deep discount) what's a good way to market that contract?

If it's not good enough you can always decide to fix it up for a retail sale, but I'd lean towards taking what you can get as is cause you obviously don't know the market there well enough (nor do any of us lol) Good luck!!

They will get their money either way and you will get funding.The major key is to get a deal good enough to cover lending costs. 

You find a good enough deal the money will find you.  

The quick summary of this is, you live in one of the units of the multifamily property and rent out the others, which can cover your living expenses or even cash flow extra if the deal is good enough.

I knew that was going to be ugly and probably an eviction, but it was a good enough deal to take it on. 

But that also means I just didn't get a good enough deal - shame on me :) Good luck!