When they do HML on OO, they want very low risk.  

Quote from @Simon Walker: Quote from @Brandon Croucier: Opportunity cost is a serious expense, if they are moving slow, they are COSTING you more money than what a hard money lender might able to make you.

Inventory seems low, and I am trying to househack my first unit.

With Allstate’s RCV policy (not ACV), they estimated the rebuild cost at ~$1.3M.

I'm curious as to what cosmetic rehab you have to do that costs $27K? 

I've never had something that low, but I'm also looking at roughly $30k in equity on this property. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I BELIEVE this credit would be treated just like covering buyer’s closing costs. 

Hey everyone, I’m just curious if any of you have any good links to blogs about saving money on food costs for a family.

Create the payment that’s very low in comparison to what your keeper would bring in rent.