Like it or lump it, the Fannie/Freddie stuff amounts to a big fat gov't subsidy of the loan terms, and it's tough to compete with that if your loans aren't thusly backed. 

I agree with @mike Roberts .....less utilities the better.. also in City of Philadelphia unpaid gas bills from tenant will go against the property nice fat Lien...

Fat chance.Is this an owner-occupied unit?

Sorry, fat fingers dupe post

If there was extra land I could parcel out or demo the building and construct a higher density or sell the land to a developer for a fat profit then the building breaking even wouldn't bother me as much.Because the value wouldn't be tied to just the building bit more so the land that it sits on.Also if the rents were under market and you had deferred maintenance that would come in as far as value plays.I don't just look at a property from an income stand point.There are many angles to look at it from where it might make sense.

Thats also a very cheap way to modernize the rooms as most of them had the almond old style sockets and plates from the 80's.

These credit sites are just like the fancy bathroom scales that tell you body fat %...

These are 12-18% lenders, with nice fat points.

It's also been well established in lending that Asian borrowers tend to live on much less than us fat, must have it now type Americans, savings is generally higher, just saying, don't apply your personal expectations as to your life style on others, stay neutral and see what their life style is through general conversation.I'm not trying to push you toward accepting these folks but skimming the top with ratios and assumptions may lead to losing very good tenants.Those pets probably won't cost a hundred bucks, my two monster dogs were only a hundred bucks.Again, how long is this situation reasonably expected to exist of relying only on the royalty income?

He bought the houses really cheap from sellers or the bank because most of the others didn't want it.He could do the foundation work for just materials and a fraction of labor with his company for cheap compared to other flippers and make really fat profits of 50k or more.So that's the advantage in that you find a company that specializes in the problem your property has and to them they can rehab and make the numbers work where others just see risk.All the best.