Worst case scenario is being sued for specific performance, or being sued for the delta between your contract price and the eventual sales price.

Here's the issue...take Delta Airlines.

Hi @Kevin Moules try Delta Property Management.

Its kind of amusing though I see a lot of HUDS.. and people really focus on the points.. but then the lender has 3k in junk fees and it turns out to be a 3 to 4 point loan if you add it all up anyway.. but they advertise low points.Bottom line though you simply cant stay in business as a HML without making 4 to 5k per file MINIMUM on up front fee's the interest is just a small delta as we all borrow from some facility or pay investors.. its not many HML that are loan their OWN CASH exclusively. but borrowers don't see it that way either.. they think the 10% or 12% is pure profit .. which of course is not the case.  

I personally invested in United and Delta at their low.

If you think the delta is several hundred thousand or millions, and you're willing to put that capital in, then go for it.Is this in CA?

It was explained to me that this delta was because of real estate and legal fees necessary for the transaction.  

There's a little delta between what investors are looking for right now and what sellers still expect, but I think in a few more weeks they'll be hitting.

If banks want real numbers, then how come we have numerous examples in this thread of 6-figure deltas between appraised value and purchase price within weeks?

However, I think IRR would be a lot more of a useful metric because it will include your the delta between your purchase price and the balloon payment.