The note not getting paid, would be my guess on why the lender caught it. 

you would think that would be common sense but I guess not these days.in conclusion this is real estate.

A purchase you made in 2020 or 2022 would not really be thought of as a BRRRR because I'm guessing those units have been rented since then and were not just sitting vacant with you paying on those mortgages.

Sorry, I guess it's a little difficult for me to describe since I'm not a financial expert familiar with the terminology.

Stop reading if you want.2) I couldn’t guess what “There is a 6 months of grace period before interest payment begins” means.3) They call their $3555 charge a “Loan Fee,” stated a few lines up as 2%. 2% of $235,000 (loan amount) is $4470.4) Do you seriously believe the loan fee, “… IS 100% REFUNDABLE IF THERE IS ANY DEFAULT FROM THEPART OF THE LENDER OR IF THE BORROWER CHOOSES TO TERMINATE THE LOAN.”5) It’s okay to pay an appraiser directly.

Maybe their guess at what the market value is is actually what the market value could potentially be if someone (the next owner) does the hard work of getting the rents up to that value.

(I'm guessing) my deduction would go further next year.

@Sonja RevellsI guess the question is how do you know there was not marketable title?

@Edwing Hernandez Lots of unsupported claims...same story with Roofstock...nothing like getting on camera and claiming you have a magic formula but no evidence of what's in the potion....they want you to go on faith alone, I guess...

I’ve never called myself a “deal killer”, but according to your definition, I guess I am.