So misunderstanding what type of loan product you need to be pursuing usually is the source of the issue.

I called and texted the original tenant and she sent me an email stating it was her fault and a big misunderstanding.

Many folks grasp that and some hold some misunderstandings.

Perhaps I am misunderstanding..?

Maybe I'm just misunderstanding how you're calculating CoC.

Whether to play Devil's Advocate, or out of genuine misunderstanding, you are confusing level of comfort with a rational financial decision.

Could have been a misunderstanding also but like others are saying...

@Glenn Banks I might be misunderstanding a section of a book I read that states (in reference to items to include in the Independent Contractor Agreement): "State that no subcontractors are to be hired without your approval.

It's so silly how many people misunderstand the concept.

Bill G is also a guy to gain comments from around the BP boards so it is always good explore here in the Note forum one of us are usually around sooner or later.From the last part of your post I garner you have some misunderstandings about the "real" loan market.