Yes, that makes perfect sense, especially in such a large transaction to find the replacement property.

So now they start doing things to scratch that itch, and it starts unraveling the "perfect" Sub2 deal. 

That is exactly what traction helps you do that @Chris Seveney pointed out.It doesn't have to be perfect, but just getting something down on paper will be a huge help - at least, that's what I found when I started our Chicago general contracting business.  

If so, you are perfect for finding a fixer and going that route.

In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.

The paint is never going to be perfect and its far easier to pick up on imperfections in a vacant house.

If you wait for the perfect deal it will never come. 

Makes perfect sense.

@Tyler KeslingThe Heloc into the DSCR makes perfect sense.

I had a wild old man call me one time when I first started sending out yellow letters asking me why I wanted to buy his house when I live in a perfectly fine house.