Needless to say, I feel they are not going to respond favorably to my dramatic increase in rates.

Depending on the market it could work in your favor.

Ugh, if I knew they'd favor cash I would have gotten a PML (which is what I was originally going to do until they demanded only Homepath 203K applicants).

The Chicago laws heavily favor the tenants  and are so bad, that many investors including myself refuse to buy there.I wish you luck, Don Colagrossi 

You can go up to a 4 unit and get favorable gov't financing for owner occupied buildings with low down payments and low interest rates. 

Hi @Raj Pat,Please do me a favor and tell me when you find that deal at no points on a series of non-owner-occupied four-unit properties with concorrent closings, and who gave it to your buddy, so I can switch employers post-haste.

The buyer will collect no fees and will not pass go.Every bank addendum I've ever seen is weighted heavily in favor of the bank. 

It is definitely not the most favorable market for long-term buy-and-hold properties with attractive rates of return.I've been investing out of state since 2003.

It was built in 1979 and for many years many maintenance and capital improvements were ignored by the board in favor of letting things get worse so they didn’t have to raise money to properly fund these things.

If one were to favor the other party, you would be screaming your head off - - so don't expect them to favor you either.