And yes I live in Bondi and it's summer :) :) I don't envy the cold, but definitely your cash flow lol Hey mate :)Stick your nose in this forum.Read and post, ask questions, etc...Live and breathe it.By committing a couple of hrs per day and doing this over 6months, IMO you will learn more than any paid course can teach you.To start things off, see link below to a blog I wrote for Bigger Pockets with my perception on the different asset classes.http://www.biggerpockets.com/renewsblog/2014/06/28/abcs-real-estate-asset-classes/Bondi hey?

@J Scott you made me snort milk through my nose.

I have a BS in Aeronautics.I fly airplanes and helicopters.I pick my nose a lot. 

At the same time, I'm asking myself: am I cutting off my nose to spite my face by not discounting?

They are the world's 8th largest economy and banks all over Europe and even in the U.S. have large exposure (one reason Bank of America's stock took a nose dive).

If you are really determined to get this one done, the best answer is another lender (and an extended timeline), or pay through the nose to get it done fast with this guy.

I would turn the properties over to a thoroughly screened hard nose PM company and instruct them to raise rents to market and apply annual rent increases to maintain market rents.

They were able to close a fractured condo deal for me that no one else could touch! 

I've smelt and seen things that my nose and eyes will never recover from.

Obviously I'd rather not lose any of my cash investment, because losing sucks and also I don't want the wife to rescind her blessing with respect to my investing - but I also don't want to cut off my nose to spite my face.