@Patrick Flanagan good thing you didn't jump into the first property with guidance from your "mentor", only to find out that you can't move on to property #2 in a year (unless you have a 20% down payment to go Conventional).Please start with an investor-friendly LO, who is experienced, and truly knows their stuff. 

But then comes the part that separates 99% of LO's from the 1% that you want to be working with. 

As a LO it takes me about 30 seconds to make that change.

Account Closed I'll spare you the sermon, but the short of it is this: in Texas, you are better off doing sub-2/wrap than L/O for lots of good reasons. 

., or take some of comp on each loan and set it aside which is essentially what lenders that don’t charge back to LO so.

@Khaled Morad is a local LO that has helped with a number of clients and always gets positive reviews. 

Quote from @Chris Lo: Quote from @Charles Carillo: @Chris LoI do not think getting a quote over a message board is going to be accurate.I would get some referrals for electricians in your area; and then have them come out to provide a written estimate.Most of these companies are charging minimum $69 for an estimate. i wanted to get some rough estimates on here first so i know what i'm expecting.Hi Chris,You are balking on a $69 estimate (???)

Lo and behold, the contractor ends up invoicing my PM $1225 and the PM withheld this amount from my final owner close out distribution (even after I gave them heads up about the issue and told them carpet folks weren't going to invoice me).

In this case Party B could still put money down but the LO said it would not be required. scenario 2.

I am an LO at a DSCR lender known as Easy Street Capital.