Basing a purchase on a rating by anyone will be a leap of faith with smoke and mirrors.

**Not an Expert***First, I'm not sure a 6% expected vacancy is conservative enough to have faith in.

The money collected at application is a "good faith deposit" and after expenses are paid out if there is anything left then the remainder is credited at closing. 

People that do not have faith in a religion may not understand ones insistence on standing firm on beliefs, and in fact, the bible says that the word of God is foolishness to those that do not believe, but it's what true believers are guided by, and must stand for.

I know that here in Texas when buying a piece of real estate one is required to put down about $500-$1000 in earnest money as a sign of good faith in buying a piece of property.

If your plan is to run your business based on numbers from these silly comps type websites...Yes, I have NO faith in Zillow, but I wanted to post this ASAP and didn't have a good idea of true comps.

Congrats on your first deal.One question...In Minnesota, the mortgage broker is required by law to give the borrower a good faith estimate (a draft HUD) so there is less sticker shock at closing and so the lenders don't sneak in extra fees at the closing table.Is this required in your area?

Get final loan approval and goto closing.Of course this doesn't include everything such as getting a Good Faith Estimat from your lender.

The seller is giving them to us in good faith

Damb DB,thats cool and it tasted soo good that i think ill show you a good faith gesture here goes ok: :beer: :beer: :beer: :beer: :beer: :beer: Its a six pack bro and its on me (lol) cheers!!