I know a few people including co-workers who moved out to Manteca and Stockton and do the horrendous commuteInterestingly there's been a bit of a comeback with San Francisco after people wanting to move out to the suburbs during COVID.

My application includes an acknowledgment that everything is true and complete.

They want to put 75% leverage including interest only 3-4 year term loans on their acquisitions. $600M total potential acquisitions.

@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.

Not legal or tax advice, but I think every subject to purchase should include a wrap mortgage so that you create notes receivable income.

Your friend should include as many details as possible concerning how they were pitched the investment in the prom note.

You need to avoid certain high risk features, which include balloon payments within 5 years, excessive fees, validate that the borrower has the ability to repay the loan, make sure they are likely to repay the loan based on their credit history, excessive late fees, long loan terms, etc, etc. 

Another property assessment included another home that had been demoed/removed before we bought the property. 

I would work on my communication of my processes including letting them know asap of their schedule with me. 

It indirectly impacts the credit score, which would be included in either metric.