If the Line of Credit is 9 or 10% versus HML which might be 4 points, plus $895 fee, and then 14%.

It seems to me there is a speed and flexibility versus diligence tradeoff and that some companies are better served going it alone and others and better served with the intermediary.

A two year black mark, versus 5 to 7.

If you wanted to be an A class landlord in Orange County, your ROI would not be better versus a C class landlord.

On the other hand , I do see the banks desire to deal with one big time investor/institution versus a bunch of "small fry" investors like us.

Set 30 year am and just pay more to principal and you will pay the loan down just as fast but not be obligated to do so.This is important because if you incur evictions,heavy repairs,etc. one month you want the flexibility of low debt service.This is the same principal with a 15 year mortgage versus a 30 year.Take the 30 year with lower payments and just make extra payments to principal over time.

Example 4 bed 2 bath in the so and so area rented for 3,000 a month 12 months ago and landlord had to give 1 months free rent on move in versus at 6 months ago rents were 3,200 with only giving away half months first rent to now current today 3,500 a month with no concessions.Also since you will be buying a house etc. versus commercial you will need to know the comparable sales approach trending as well.The area you select will be most likely a balance of good cash and appreciation.

In PUDs and Condos the numbers can work depending on what is covered by the property versus you and what sort of net income you can pull.I also agree that loan program looks pretty darn good.

The investing environment in dismal versus a year ago.

There's a huge difference in overcoming that 10 year balloon payment if you're making $500 a month cash flow versus $1,500 a month cash flow.