@Matt Arden depends on a few things, but it's not unusually high

Just the sleep dep talking I guess, combined with a rough year in landlording paradise with an unusual amount of churn as well as unexpected cap ex: a gnarly eviction, a tenant that OD'd in a unit, a hailstorm that trashed a $30k roof, another hail storm that did a lot of random damage with hail chunks a tenant described as being cauliflower head/cannonball sized which broke a solid oak deck handrail among many other things on the property, a sewer line that needed to be replaced which required jack hammering up the slab in a kitchen I had just finished fully remodeling, plus the new baby and the two other babies it's been quite a long year already so far.

@Nigel Prentice I would say a few for draws is unusual in lending.

It’s not unusual to go your first 3-6 months without getting paid.

The 1000 a month seems to be about average for the area compared to the comps. it is not unusual for the county we live in to have 1800.00 dollar rents.

Gross and net numbers do not confirm to 50% rule - net should be 50% of gross.Ask the seller to provide operating statements for the last 24 months and rent rolls.Look at all maintenance/management items and find out why expenses are unusually low.

So I don't count the 10% as an expense.Corey - as far as people paying their own water in Delaware, that is not unusual.

It would be very UNUSUAL for anyone besides the escrow officer to see this information.  

Unless you have an unusually great deal you can verify independently, I would sit tight at the moment.

It's not unusual to find a lender who will finance 90% of the entire project costs.