However I recommend speaking with your accountant/tax advisor before making this determination as this may differ depending on the individual and their objectives. 

(instead of getting new financing)  A $300,000 mortgage at 3% is $1,264 - but a $300,000 at 6.53% is $1,902 - so I simply save / cash flow $638 a month.

Hey Joe, I am coachable and determined!  

Both GC's work on distressed properties so are hedging playing it safe as I just asked them for budgetary numbers to help determine if I should do this deal or not.I do have 10%+ in cash reserves already.

As far as drafting contracts most of the investors I know simply use whatever contract they’ve been using over and over again. 

Outside of those focus on simply being a good landlord because you have far more control than you may think.I am in Philadelphia which has tenant friendly landlord tenant laws.

Determine if the payout (post-deductible) would even be worth it.

So now, today, Detroit is no longer viewed simply as a cash flow market.

I am just very tired of hearing that a loan not showing up a credit report means anything, because it simply does not.

I’m curious—what are some of the key factors that help you quickly determine whether to move forward with a borrower or pass on a deal?