And the repairs need to get the house to a comparable state, preferable better, than the comp you mentioned.The guy is adverse to non-standard RE deals.Before you do anything, get that Duplex :)

You might not have $70k cash laying around just yet.If the numbers all check out, and it's truly a 60%-of-ARV deal, there is enough meat on this for you to come out whole under all but the most adverse of circumstances that might occur (i.e. bankruptcy, lawsuits going back and forth while property sits vacant and gets vandalized, etc.)Also, it's a great opportunity for you to learn the rehabbing business.

As for appraisal, I don't think polybutylene by itself will trigger an adverse condition in the report.

I get so risk adverse sometimes and in the DC market things fluctuate so rapidly I tend to bog myself down with numbers.

Also, I haven't had to use a bank loan to build my portfolio, either.My comment was inspired by a few associates in the mortgage industry that are really concerned about their business being adversely affected… to the extent that they are considering other options for work.Having said that… even if it does only apply to FNMA and FMCC backed loans, I can imagine there will be reverberating affects to the conventional loan market.

But if I say something needs to be done and you choose not to do it because of price, I'm not adverse to not doing a job.

They are too risk adverse to leave!

“Accordingly, the agencies that conduct CRA evaluations do not anticipate that institutions’ decision to originate only QMs, absent other factors, would adversely affect their CRA evaluations.”

Adverse possession often comes up in cases where the corner of a garage has straddled a property line for many years.

@Dane Hebert  You have to issue what is referred to as an "adverse action letter."