If there's resistance after my real world talk, they usually filter themselves out when they realize we run a pretty tight ship and stick to our rules. 

Specifically I am looking for a duplex/quadplex property and I am finding my margins to be very tight.  

I believe that most underwriters will want/require a 25 year AM because the DSC is pretty tight.

As new investor living in Nashville, finding a good price home (that is not falling a part), AND able make the numbers work, is getting tight.

I informed him the deadline passed and I am now looking to sell the property.

It's in the very tight rental market of Santa Rosa, CA.

Whether or not you can get it waived or reduced, you should at least be able to postpone the deadline to pay.And I'd check with an attorney (this isn't legal advice), but I think you can seize the deposit.

. :)  that's how tight those loans are .. now vertical plenty of players back in that space.. and you can get 1 and 9 from West coast lenders on vertical HML s 

Once you start doing that make sure your ship is tight in all areas.

So, if you have to put down 40% to actually cashflow ... then it means, you need to tight up close to $400k  to get some cashflow back.