I agree more with the "work to learn" mentality with application, not the soft theories I'm taught at school.

It seems that every BP Florida deal analysis I see that comes up is for a Condo, always asking a price that would return slightly less than 1%/m gross rent, and almost invariably ignoring or brushing aside Vacancy and Property Management costs, so their figures can squeeze into the positive cash flow column. 

Does anyone know of a good, cash-out re-finance lender, whether they're a local community bank in Atlanta or other type of soft money lender?  

So I kind of feel people who say it can't be done, might live in an area where that is not possible (I LOVE the "7 Years to 7 Figures" webinar but you can't even get a duplex for less than $300,000 and you can't live for free to house hack a FHA loan because the rents are to low... if I painted all of America with that brush I would never get out of Oklahoma... and that is my WHY for investing in Real Estate (there are people who have no problem driving on icy roads and in 4 feet of snow drift.

As far as houses selling for $150 soft, is that the cost of the house backing out the lot value or does that cover the lot also?

What is your process for us to get to review the soft collateral file?

Hello Shawn and welcome to BP.We all learn lessons and life and congrats on brushing yourself off and jumping back in!!

There are "soft" money lenders out there who have favorable rates and would lend on this deal.

Hi @Lisa Ru the reason for most companies having the tenant fill out the information is that this results in a "soft" inquiry instead of a "hard" inquiry that can affect the credit score.  

I'm inclined to think that postcards / yellow letters may get brushed aside, so something that looks like a bill or an official notice may do the trick, possibly with a more formal message inside?