I'm trying to juggle this and some conference calls. hahahttps://docs.google.com/spread...Also, Account Closed thanks for contributing. 

@Dallas Smith, With some good running of the numbers by your accountant this can work. 

She has some stock (maybe 50k), some retirement IRA of around 100k which I believe she has started to take and then maybe 20k in her savings account.

People who are involved in anything tend to have an overinflated sense of self, ego and importance.

It's better to be honest with your current lender and all parties involved in the transaction, than to risk losing your EMD and falling out with lender Bs false promises.

My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.

My accountant was lazy, not well informed and provided bad advice.

You could also add cash to your exchange account to reduce the debt replacement if you wanted. 

Accounting & Finance: What tools make bookkeeping and financial tracking seamless?

I know some people feel like they need to invest in a course to hold themselves accountable or feel like they are doing something.