I can justify any price (and some high fee syndicators are still doing so), if I just play with assumptions, prepay and buy down my interest rate, and hope that sub-5% cap rates will be returning in the next few years.But if you know your market and market cycle, have an idea where interest rates may be going (this is an educated guess for all of us), and then have your assumptions, you can certainly have the conversations you reference with brokers and see what their take is on pricing and if it is worth writing.Finally, I have said this before and will continue to say it, whether we are talking single family homes or 400 unit apartment complexes, off-market purchases do not make something a deal.  

At 26, having 4 properties and looking for more is quite the story.KeyBank man should be ashamed of himself.I'd disagree with some of the assumptions in this thread.Rate locks don't need to be for more than 30 days.  45 days can cost you a quarter point depending on the lender and it's really not necessary.Always remember that origination points and discount points are two distinctly different things.For us, some origination fees can be just 2 points and some are just 3 points.

@Srinivas BondadaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Well, how about ya extend the same courtesy to tenant of not jumping on an assumption to them. 

Digging into operations and what changed from the original assumptions.

To back out housekeeping income, look at what others are charing for the HK fee and then make an assumption on how many reservations in a year. 

You can't make assumptions based on the fact that the dog is jumping around or anything else. 4.

That is my assumption too so wanted to pick others brain on this forum. 

For one, my lender told me banks won't do loan assumptions even if the loans are assumable, but I think they were just blowing smoke so I would get a new loan with them.

The assumption is that people don't pay taxes on properties they don't own, but you may find trustees with knowledge of the property too. :)