I could go back and forth regarding blame, but either way, I am partly responsible, which I totally accept. 

I do believe this system has never been tested from litigation.

I originally posted this a year ago and I am happy to share the results in a comment on this post, but before I sway anyone's opinion I would love to hear your thoughts...So with that said, historically the industry accepted standard for underwriting a projected exit cap rate is the market stabilized cap rate plus a 10 bps for every year held.

It might not even be accepted on your initial terms and most states have buyer focused contingency periods, or a statutory period of 7-14 business days to remit the deposit, perform inspections, organize appraisals and generally renegotiate or cancel without risk to the buyers earnest money deposit.

Investors would classify neighborhoods as A B C D with A usually being VERY safe and B being acceptably safe and C with variety of levels of crime and D would  be "don't come unless you are armed". 

Test and refine your communication plan—it pays off!

Hey everyone,So I have a duplex in Fishtown and I just accepted a section 8 tenant for my upstairs unit at $2483/month.

The second a sound investment popped up, one of my clients made an offer, it was accepted and we closed in 4 weeks. 

And after testing the chain and lever it is impossible to have the chain hook itself (and even if it it was a freak occurrence the first time.. doing it again three days later???).

Let's say your current home has a conventional loan, FHA could be an option but you have to be aware of the self-sufficiency test requirements for anything over a duplex.