I'm in Nothern NJ and 1.5x is standard however on higher priced rentals with a broker fee, I will take 1 months rent for SD (or the broker takes a smaller fee).

The due on sale clause will be standard for every lender that I know of. 

Seems like a pretty standard situation there. 

@David Neubauer The standard is now shifting toward this 5% down program.

I think a lot of this has come out due to the low standard of brokers out there that give the industry a bad name unfortunately... its so easy to get a license nowadays. 

I have used property managers in the past, but the relationship inevitably sours as they fail the very basic industry standards for managing property.

Then once you close on the house take out a standard 30 year mortgage to pay off the hard money loan?

I know it's not the standard bottom line focus but I feel like I am defining value a little different these days.

The attorney's I follow stated that this bill impacts landlords in Colorado in that they are no longer required to uphold a standard of "warranty of habitability" but are now required to "guarantee housing" to those folks renting from them.Long answer.

it wasn't about the minimum balance fees anymore, now it was about setting my own minimum standards.