CapEx reserves were established when purchased and it's unreasonable to continue to withhold them month/month.

@Chris McCallWelcomeGreat story there...move past the hurdles(excuses from traditional lenders)......to the ultimate goal (properties financed creatively)Thanks for sharing

So a 50k loan at 2 points makes them 1k in fee's  that's a ton of risk for such a small loan and if it turtles you can lose half your money in that market no sweat.. that is the other major hurdle. 

I know it was risky but I have faith it will turn out good with patience and not upgrading too much; Once we get over the foundation hurdle (damn rain) and roof, we are good to go on the interior.

Even if you are, it's not note compliance that will concern you, it's lending/licensing requirements that will be your biggest hurdle.  

Once you get over the initial hurdle, the sky is the limit.  

Trends usually don't just end over night (barring some major event) so the data says there are probably 2 years and it would not be unreasonable to assume 3 years of at least some form of positive price movement on the sales side.

You can double check that but I remember that being a hurdle for us.

Understand that weasel clauses just reflect their intent and they deal from a position of no commitment with who they deal  with. 7. they have no understanding of valuation of professional (I use that term very loosely) services attempting to get what ever they can that is most often unreasonable. 8.

I don't want that kind of hurdle to doing business.