They sell most (all) of their loans to Freddie/Fannie, who ultimately determines the 1-year rule you noted above.Remember, if you BRRRR you keep all that equity and start getting cash flow (unless the market goes downhill).

LolAnd it is my assessment that things are doing downhill from here, so I am keeping my powder dry....Those of you believe there is more up form here, happy buying ...

It's like a snow ball rolling down hill.

Although the project was a bit delayed, he promised me it's looking fantastic and nothing to worry about.I got quite busy later of the year and stopped following up with him; however, things started to go downhill from here...

@Ian Ong - Yes, oil and gas is not finished by any stretch of imagination, but is definitely going to go downhill in the next 10 years.As far as my movement is concerned.

More specifically, does the ground grade down hill away from your house on the other side of the fence?

I would think, if there was a break in the line, the water would run along the line downhill to the meter, which is dry.

Also, the line can not be just lined, a new line does actually have to be dug because there is a dent in the line and it does not go "downhill", causing a flood in the part where it is higher than it should be.

I would guess given the equity position raising faster then the NOI, you are on the downhill side of the yield curve.

If you have a nice steep pitched ground going away from your house everywhere (doubtful with a wet crawlspace), you might just get away with a splash block, but most people are better off piping the downspouts at least 10-20 feet from the house, draining to daylight and taking advantage of downhill geography from there.