I understand how to access the information, but say I cold call this person, how would you conduct this conversation being that this is a more sensitive topic?   

How do you think one would prepare or build this expense in as a safeguard to losing their job unexpectedly ?

NYC is a sensitive area when you start talking to locals about cost of living, rents, etc.

Originally posted by Account Closed: what types of sensitivities and/or stress tests do you run during your underwriting?

Having sold countless rental properties & screened 1,000's of tenants I am well versed on this topic from every angle.When a Property Management business handles tenant screening they are held to strict standards as to how they handle the sensitive information that they have access to when running tenants credit & background information.

This is timing sensitive, but as long as the home appraises and you've setup your private money for 2-3 years you can refinance into a traditional loan within a few months then get the cash-out refi fore the rest once the deed is aged 1-2 years as long as the building cashflows any commercial lender will refi it.Cheers to your success!

I have done this and I want to advise you to be super sensitive if you go this route!

I want to be sensitive to his situation but he has the appropriate amount of grab bars and I can't continue footing the bill for something he appears to be directly causing.

Most of these opportunities are a distance from Palm Springs proper though, so you either need larger homes/properties (bigger groups tend to be less location sensitive) or something where you can market local hiking trails, nature, etc. to attract people that don't want to be near downtown PS. 

It wasnt that long ago where most of us though, rates will never ever go below 6%, then we kept saying the same.Interest rate sensitivity in the real estate market tends to be a short term sensitivity, and it tends to affect properties on the cheaper end of the spectrum more so that other properties.