Hello Rick, I've only come across 1 company to do 2nd position DSCR Loans, here is his contact info.Erik EstradaLuxePrivate Investments LLC Loan Originator, OwnerDRE 02161719 | NMLS 2289340Direct: 818.269.7983W:https://luxeprivateinvestmentsllc.com/Schedule: https://calendly.com/erik-dra

Simply tell the lender you are getting a  quote from what your middle score is.

The background check was clean, he had a good score and great income.

The banks are originating these loans and selling them off and not explaining to people they are buying a ticking time bomb. 

Another option is to retire the old roofing costs from the original basis if you can't expense due to a capitalized event. 

If that's the case, than it's still on the seller to clear the items based on your original agreement. 

STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.

Moreover, contamination from gas stations can migrate considerable distances and an owner could be responsible for remediating the plume even if was not the party responsible for the original spill.

“The ability to attend to a task and stick to long-term goals is the greatest predictor of success, greater than academic achievement, extracurricular involvement, test scores, and IQ.

I'm originally from San Francisco and agree with what @Brandon Croucier said about the direction the state is headed in.