It's what he does.The advantage I saw with my 3 commercial loans (on commercial property)  was I couldn't stand reporting my financials to them every year to such a high degree that I paid them off or refinanced them with fixed rate private money from a hands-off acquaintance. 

I stand corrected scenario 1 - interest rate is 4.75%  and scenario 2 is also 4.75% along with a 7 year term .

As an old boss told us once, 'you are standing waist deep in water complaining about how thirsty you are'.

As an old boss told us once, 'you are standing waist deep in water complaining about how thirsty you are'.

As it stands today I have 13 openings. 

It seems so wrong for an appraiser to have such power and that their opinion stands for the next buyer should the sale falls through even if comps rise in in the area for the a spring/summer market.

Where do I stand from a legal point now that the offer has been accepted.

its certainly happening in the bay area.. in Portland we are just about at our 07 peak so it stands to reason just with inflation that we can see new peaks  11 years later..I mean when median price point in Portlandia was 120k in the late 80s  .. it was not going to stay at 120k forever just like now with our median over 300k  and in the peak it was right there .. it can make new highs, at least I am thinking so.also much more equity coming into the market than what was happening in 05 to 07 were every one was so focused on 100% leverage you know OPM  refi to you die.. max equity.. what I see now in my new home communities are buyers aschewing max equity.. don't want to pay PMI and are putting 10 to 20% down and in my last 23 homes community we sold 3 for cash.. at 450k each.. that was UNHEARD of last go around.. so in my mind whatever is happening today has stronger foundation for a longer run.then you take all these folks buying rentals.. and I see it every day on my HUDS that I am signing all over the country.. and its cash sales and 20% down or more.. now BRRR has come back that is 100% financing .. but its limited.. were as in 05 ish that was 95% of how people were buying rentals in the mid west.. so very few had any real skin in the game.. as compared to today..  

@Sanjeev KaushikI agree with @Dawn Brenengen, you'll see the ones active in the community and they'll stand out.

I would like to divide the tax parcel by doing a minor subdivision, however, the zoning department has told me it can’t be done as the second home was never intended to be a stand-alone residence on its own parcel when it was initially constructed.