I could lower the price, but need to make $4200 to break even after 8% vacancy, maintenance 5%,  5% cap ex, monthly utilities, etc.

This would be very much like a borrower having the property rented at break even.So in short, a LO simply saying "he wouldn't finance" without running full credit and verifying income would be short sighted, in my opinion.July 3, 2022To Whom It May Concern,On November 14th, 2018 one of our holding LLCs, [LLC Name Redacted], entered into an agreement for sale on the property at [Address Redacted].

The break-even would be about $50k in cash flow/year (at least in Texas). 

I'm okay going even for a few months if there is upside, but with an old asset, things will continue to break down.We bought a 71 asset three years ago, and did a complete rehab, units, parking lot, roofs, etc.

Again I’m no expert I just know that rent stabilized is rough for owners of properties, do your own research on them and 1 unit in a building should not make or break the deal unless your really squeezing numbers.

Had one flooring store recommend glue down, they said this is better than 20mil 5mm snap in LVP flooring, as the snap ins sometime break and you can easily replace a glue down.Another flooring store recommended "loose lay flooring" basically that is similar glue down, but has sticky material on each board. 

@Nate HerndonDidnt expect a yes to stacking my small properties for one loan but my fingers were crossed.Thanks for breaking down the hypotethical.

I'd expect you could fix almost anything for $2000, even a break under the slab.

As a 3 unit, it would be smart to also break down the income and expenses on the listing as most likely the buyer will be an investor.

I appreciate this break down.