Prepare a justification for your offer that includes market data and any necessary repairs or enhancements.Even if stability may be obtained with a fixed-rate 30-year mortgage, it's important to compare financing conditions.

This is a financial obligation you are not meeting and the justification you gave is invalid.

So, a contrarian view - prices are "down" if you look at divergence from the long term average appreciation (which here in Seattle is 5.5%), not just if they drop in absolute terms YoY.

It is important to remember that not agreeing with a law isn't justification for breaking it.

I was just posting on another board to someone who had 5k savings and wanted to buy 5-12 doors that they better have good reserves to account for repairs and vacancies.It seems like a price sensitive market - so yes, renovating the roof is just the cost of doing business as opposed to a justification for raising rent (new roof!

Account Closed  That's correct -- the broker (who also owns the property management company) had full access to actual operating data but chose to omit these larger expenditures with the justification that they were non-recurring and therefore wouldn't be representative of future operating costs. 

There can be no justification for that.  

Seriously, your justification for home still being "under water" is by citing the luxury home market.

That’s a slippery slope and similar to the justification used by some of the worst tyrants in the last century.

Unfortunately, there is a contingent of investors on this board that flat-out don’t like retirement plans and have all the convoluted justifications.