John Bucci did a good job of explaining what the product is. 

We know how to buy and finance but it’s too detailed to explain in this general forum.

@Syamala Pullakhandam, did your tenant contact the water company and explain the situation?

I think we've all been to those parties where people ask what we do and their eyes glaze over when we try to explain it, haha.Best Regards

Explain your situation to your creditors , ask for a 90 day moratorium on payments with the principal added to the loan balance and term extended 3 months.  

To give you some lenders who can explain their terms to you try reaching out PenFed.org or TD Bank.

I was only trying to explain that a lot of us GPs have resources, along with obviously market expertise, to be able to provide quick feedback on specific investments.

It helps to have a conversation with a lender in advance (if you are serious...don't waste anyones time) to explain your situation and see if there are any red flags.For single family or 4 units and under a pre approval is also not needed but does go along way. 

You could, or the agent could explain how you arrived at the offer. 

How does release price work?  I have a portfolio loan and am paying it down but need to sell a few properties.What if the home sells less than the release price but I have paid a lot of equity into the portfolio loan?