A 203K is a mortgage product.

This morning my associate told me in today's age you make money by selling a product or service today.  

Thank you.Do I need to add a reason why their application was declined?

100% here could just be a marketers way of saying no out of pocket expense. 100% LTV by a HML is rare but a product an investor could certainly use.

(I declined, but you get the idea - I made myself valuable enough that I became attractive to the point where I was seen as an asset.)

Thank you.Do I need to add a reason why their application was declined?

I would consider anything 3x from largest project will be an immediate decline, in this case, although it is 7x, however, it is spread in 4 phases, so it dramatically dropped down.

Finished product:

I got bored, with all of the down time between cashing rent checks and fixing toilets at 2AM so I went to graduate school and also became a an engineering consultant.About 10 years later I took a full time job again and am now a professor in manufacturing engineering, own a virtual manufacturing company, a media production company, and because of real estate investing, this year I will donate more than my take home pay back to the university I work for.I can honestly say that I retired at 26.

Or is this just a company trying to sell me their product?