I don't give a frog's fat butt if it makes his job more difficult, and honestly, you have to do math anyway during the course of the loan.

I and my sellers get it without any of the fat.

I read a little about this before and put it on the back burner.

And I'd then have a big fat mortgage.So after 6 months, I can cash out refi, have a mortage, and after PITI, account for property management, saving for cap ex, repairs, etc, I could cash flow $100 a month. 

The saying " pigs get fat, hogs get slaughtered" seems to apply.Terry

These companies need to make a profit too, and so there's just not going to be enough fat left on the bone.

I use 10% vacancy initially to see if the deal will be fat or thin, then move towards a 5% vacancy calculation since I believe that is more likely than a 10% vacancy rate. 

Unfortunately since you have no contract you just have to back burner these deals until something changes -- an estate being opened, foreclosure action, listing, more.

It isnt over till the fat lady sings .

Whether they are active realtors or active investors that depends on how flat or fat their wallet is.