I agree with Eric, if the tenant gave false info that would be a red flag. 

So they would say “We control $5M of real estate”, as a way of stating the total value of their portfolio without falsely giving the impression that they’re worth $5M personally.

What caught my eye was that they filed a petition to put the law on the ballot and almost 60% of the signatures were false names.That may affect the profitability of the club in the near future and why he is selling.

meetingId=3914&documentType=Agenda&itemId=190672&publishId=400126&isSection=false

Most of my lenders are 1.2+ since we aren't out of the woods yet in terms of rate increases AND rent stagnation/decline.Makes sense, I quoted a client for a commercial property and most places are limiting leverage on commercial assets to 60 LTV (I know there's plenty of others that will provide more but considering the market, 60 isn't a bad place to be)On a related note, low-ratio DSCR (<1) loans are fairly popular right now despite their relatively absurd rates (9.xx with >1 origination points)

Also, there was huge false demand, that just evaporated overnight. 

I tried to get qualified for a home purchase of $810k with 20% down at 3.875% interest and could not get qualified with a 50% DTI ratio....we were at like 52% or something.The first problem is they count a 25% vacancy rate, which is absurd in the areas where our rentals are. 

So the comparison is absurd.

All you have to do is pay $39k... and yes, they'll help get you the credit card power to pay for it.Aside from all of this, we were falsely instructed that Florida, where I reside, is a Super Lien state, where HOA Foreclosures trump First Mortgages as well all inferior liens to the first. 

Wow.Don't be absurd.