If they haven't already, ask both of them to provide a detailed scope of work and then compare pricing based on the scope they provide.

You'll want to compare offers from different lenders before you settle on an SBA loan offer.

Sellers will also like that better.Finally, don't compare your offer price against the list price.

Before jumping into the condo, I’d take a closer look at whether the $300/month cash flow is worth it compared to other options, like a small multi-family property or a property in a higher-yield market.

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

Taxes are half the cost compared to CA and insurance is lower if not by the water.

We haven't bought anything in the past couple of years locally because the value proposition compared to what we already own just isn't there.  

In NYC trying to compare like properties and eliminating co - op debt, co-ops will sell for 60% to 200% of a comparable condo.  

@John Kirtley It's definitely gone up a lot in value, but you can compare the values to Folly or Isle of Palms (Sullivans isn't really comparable) to see the future growth.

To be able to dispose of assets when we want, to be able to sell easily (single-family homes are pretty easy to sell compared to apartment buildings), and to know that we are in control of our destiny, is worth a lot to me.Also, we can get 18 more mortgages between my wife and me before we have to worry about running out of government-subsidized financing, and hundreds of thousands in future investments before we have to worry about scale.