Hi Lianne, I'm in that area often checking on our properties. if you want to shoot me a Pm im happy to go check on it for you and send some pics.

If not, sticking with your original plan, staying in the condo, and waiting for a better refinance window could be the way to go.

That way you and the owner are in agreement and you have been green-lighted to go ahead and run your business. 

Those are spray and pray techniques that don't fit with sellers right now because sellers/owners are sitting on a very low rate and don't want to move to go up 4-5 points on their rate.Listings aren't a start now thing as well.

In addition lower rents will decrease the value of a property, not necessarily its appraised value, because no buyer will desire to pay retail for properties with reduced cash flow.

I know that you do a great job smoothing out any "rough spots" in the lending process, so that certainly helps when the deal starts to go sideways... 

So are you saying the Mortgage One deal would be the way to go? 

But who has the confidence to go really big on their first deal?

If you are too busy to go see a whole bunch of properties in person, meet PMs, and help with getting your first property stabilized... you may want to wait until you have more time.Not trying to be negative, just realistic. 

That monthly surplus almost makes it a no-brainer to go for MTR.