I have lost a lot of sleep over it, and am actually about to board a plane to head to Maui to stay in the unit for a few days.

I did however had to shop for new dining room chairs, which broke almost immediately once we started to get up an running. 

When I run the numbers it just doesn't make sense if you consider a 75% LTV.  

Haven't walked a property in years and just did one with my team a few weeks ago.I forgot the thrill of seeing these things derelict and then fixing them up.What a pleasure to see the transformation.What started as a simple dream for me of moving to the US and buying, fixing, holding a few properties and moving back to Australia turned into thousands of rehabs, many companies, staff and monsters with 17 heads lolIt's nice going back to the basics of how it all began.Just simply checking out distressed properties, negotiating, buying and fixing them up.Ahhhh, the good old days 🙏

Quote from @Isabella Romano: I am looking to buy a new property and am running into issues getting qualified for conventional loaning due to high DTI.

They will usually let it run through three or four times on the auction set without hitting the reserve and the formula for reduction, which is similar for REO on the market, is reduction of ten percent every thirty days until it sells.

@Marian Smith@Lena TruongI have bought notes from them and the individual who runs AHP is well respected.

After 1yr we run a return on equity calculation, how much is our monthly cash flow divided by our equity position.

Quote from @Gerald Wallace: I'm playing Devil's advocate and running your numbers through the worst-case scenario.

But you have to understand the seller is taking on a significant risk of having someone else run the property and not knowing if they will get the final payout.If you are getting typical rates, why would you not just buy the property outright with 20% down and obtain mortgage financing from a lender?