I think the main thing he needs is someone who will counsel him and put the brakes on any foolish ideas.

You are smart to pump the brakes on scaling, but keep at the learning aspect as you guys figure out what the next step is.

It's also a fluid situation as banks are constantly being acquired or merging so paying close attention to which banks these loan officers move around to is generally a good indication of which banks are going to offer the most aggressive terms.

Sounds like the options are to either raise private money, or pump the brakes and save up a bit more in both cash and equity. 

Luckily no one was injured and believe it or not the trailer still works and so do the brake lights and blinkers!

Then the brakes went out on her car.

The issue with RUBS is that it is fluid and it hinges on the # of occupants and this poses issues: 1) A child uses less than an adult; 2) a worker from home uses more than one that drives to work; 3) A couple may have a child during tenancy which they fail to divulge; 4) friends and family may visit for a few days during holidays.... etc. etc. etc.  --- and... these issues become issues for the other Tenant and then turns you into the constant 'utility police' because you constantly have to monitor # of occupants... eww. 50/50 is simple and simply understood and 100% while vacant is also simply understood.

With all that being said, you can still pay a 30 year mortgage off in 15 years, not be tied behind a higher payment, and still keep your debt to income ratio fluid.

Great thing about being cash fluid is you can buy a 2-4 unit that may need a little TLC and do some renovations.

If you don’t have a contractor yet...put the brakes on your whole operation until you have a great contractor and a backup as well.