Lenders will need to offset this risk with fees/interest rates so they recoup losses when those riskier borrowers default. while / because lenders can’t use medical costs to judge the credit worthiness of a borrower well, all loan costs will have to go up, to spread the risk peanut butter.

I could see this type of thing spreading into some of the cities.

Your post comes off as someone who made a very unsophisticated deal to try to make a tiny spread and wound up incurring costs and liabilities they didn't anticipate.

This is very typical spread in Indy...  

@Elijah SkinnerI agree with what others have said.... hack where you live.BUT if you want to spread your wings a bit then I'd recommend at least take a quick peek at the Chattanooga TN market.

Hi Matthew, We can go up to 90% LTV but even at 90% there doesnt seem to be a lot of spread between 90 LTV and what you currently owe.

What is the average spread (difference between what you are charging your guests and paying your cleaner) for your turns?

Then just take that polished-sales comps function, and run every new listing in your area through it, and you get what I called the Daily Spread Analyzer in my Page 1 reply.As for how to do CMA/Comps, it's as easy as pulling up the neighborhood on RedFin (ideally 0.25-0.75mi max), adding filters to match similar BR/BTH/SF Ranges, and then sort by Highest Price to Lowest Price.

So pretty good spreads.

And turn a TINY profit on the spread.