Hi Mandy, I think $300 is more than fair in this situation.

Wow Michael, what honor to correspond with you.

That number also corresponds very closely with the "70% rule."

These loans are fixed long-term (5,7,10,12) loans with 30 year amortization at about 3.00% above the corresponding treasury rate.  

By that, I mean if there were 15 homes sold in that area, you would either compare them based on price/sqft or only use the sales that corresponded to the property you are looking at.

They did all the things they were told were right and responsible and now they're completely screwed, and sorry, their kids are all going to glorified correspondence school. 

@John Kennedy I may have this incorrect but when entering your numbers in the BRRRR calculator if you uncheck the “cash purchase” option and then select the corresponding down payment that you would be paying to supplement your HML (e.g. 35% down if the HML will loan on 65% of cost).

Keep all of your correspondences and document everything.

This list would contain the zip code and corresponding name of the municipality, and a breakdown of the number of SFRs.

I'm In the process of gutting a mobile home park with dilapidated units, buying high quality, used ones and want to make sure I accurately estimate my capital expenses in line with operational income.To that end, can you point me in the direction of any rent to own templates, park correspondence.