Hi, I am fairly sure one of my properties will not produce enough rent to cover the PITI.

Plus, we have intentionally started being overly communicative with the city, and they have been surprisingly responsive.Great post and topic by the way!

Hi Phil,I know that with rehab loans you can typically get past the 50k purchase price as long as it's fairly close, the total loan size exceeds 50k, and the ARV gets to 100k.

Especially if the applicant has a fairly common name. 

The worst ones usually don't have any clear cut guidelines (a lot of the underwriters will make up their own rules if they do not like the deal), Suck at communicating (will reply days later), Push aggressive terms to get deals in and then switch them, and Not really motivated to get things done (they will adverse a loan without any hesitation). 

Goes in fairly easily and is cheaper than carpet by far.

And, fair warning to all (and we will give warning, except in cases that are so long overdue we should have dealt with them years ago), thinly veiled attempts to drive business, without a real effort to provide practical advice, will be similarly moderated going forward. 

I'm an equity partner on four different apartment complexes and have learned a lot from talking with and observing the lead investor (i.e. syndicator) about raising capital and investor relations by being in those deals.If you are fortunate enough to find a mentor, it would be wise to find someone with integrity, who has multiple SUCCESSFUL deals under their belt and believes in consistent and clear communication with their investors. 

It never gets talked about here on BP, but it's fairly easy for a difficult client with like 1 house to be unprofitable for a property manager.

@Allan SmithI live about an hour away, but work out of the Peoria area (except working from home due to Covid-19).CAT still has a fairly large presence in Peoria.