Now, I take full responsibility for my ignorance here and just blindly signing things, especially as someone who deals with commercial finance regularly and has his own clients sign similar fee agreements.Honestly it just never occurred to me mostly because I was just so damn excited to sell the house and be done with it.

Ignoring the amortization table at the moment, they’ll usually want to see 6-9 months of PITI and/or a net worth larger than the loan amount.

Property #2: also $45k financing + $45k cash to close.Property #3: $1.Total cash to close: $90,001Then, assuming you refinance the third property at the same LTV, you get $45k back in a cash-out refi, bringing you back down to $45,001 out of pocket.Or, more typically:Property #1: $45k financing, $15k cash to closeProperty #2: $45k financing, $15k cash to closeProperty #3: $45k financing, $15k cash to closeTotal cash to close: $45kObviously, these examples ignore closing costs.

Or if you choose to ignore that advice, at the minimum get representation of your own.

I will say this, if you choose to ignore appreciation you are really missing out locally.

Talk to your local landlord attorney, they can usually offer a form that needs to be filled out by the tenants doctor, then you can require this form and ignore their form.

Getting 70% LTV on a $70K property gives you a loan balance of $49K (ignoring anything you’d roll into it).

Excuse my ignorance, im a newbie, but thanks in advance for any help.

You have a big problem and you better deal with it rather than ignoring it and hoping it will go away if you are nice.

We all know how this likely ends but the judge can't ignore the unrepresented tenant's claim.