As we used to say in the Navy, "the cream always rises to the top."

Somehow it works by shaving some margin off of your spend and then snowballing your loan payoff. 

If your buying now and your rentals have low net margins, you could be sol if rents have to get shaved down a few hundred to keep vacancy units full, but right now the number of homes are way to low for the demand.I personally think we will see this continue to move along as late as next year before it slumps off.

I have heard no lower than 42% of UPB and that you can give your indicative offer and then try to shave down your offer after you dig deeper into the situation.

The 36inch lazy susan had a door that spun around with the shelving and the weight of the granite depressed the top corner supports just enough that I had to shave the top & bottom of the door to avoid it jamming on the top/bottom edges. 

We have shaved this down for 38 houses to very few hours per month for ALL functions.  

You could always shave down on the cost by doing the things you can do yourself and just paying an electrician & plumber (although those are the 2 most costly contractors in our area).

Many houses built in the 40's and 50's have clay sewer lines and they're all failing. 

Fountain Square now has a brewery, ice cream shop, multiple music venues, art museum, the cultural trail, etc, etc...

Hopefully once this first property is all settled, I'll be more confident in the process and shave some time off that 15-17 year timeframe.