Remember Im lo acshave, ain matai.

You should have been given the option by your LO to decide what to do )you might have been able to extend the old rate at a cost too and negotiated the cost based on why it did not get closed on time).  

I use the same method when I'm trying to figure how much I can L/O a property once I've acquired it.

(Which, just recently, I had to replace two outside a/c condensers which cost $6,000 l o l)The objective is to buy 60 doors over the next 5 years and hold them as long as I possibly can until an offer I can't refuse comes up or I find a multi unit place that makes more sense than the single families.

With the LO I’d still have to 1031 or MIS to defer gains but at least it gives me some thinking time.

Congrats on wanting to get into the game Lo!

I am an LO at a DSCR lender known as Easy Street Capital.

The LO has no mortgage until the Option is executed, and thus you are NOT buying the property...yet. 

@Thomas Lo 65% of ARV - repairs.

A L O H A !