Some people like the thrill, I'd rather eat and feel secure.I hope this helps. 

She may not but it is not in your best interest to gamble once a red flag has gone up.

No it doesn't make those choices correct when gambling.

Exactly right,Appreciation=Gambling  To be honest no one has a crystal ball and knows exactly what the market is going to do in the future.

Its super walkable, safe, architecturallly beautiful, there's great food, constant source of tenants due to the universities...I am not familiar enough with the other neighborhoods of Providence to take a gamble there yet, but am interested in studying Cranston.

Our agent is saying that there is pretty much no data to estimate what the appraisal will come in at, so it is completely gambling without this contingency in.

I had a slight concern that our membership wouldn't be thrilled about a step down in our physical building (1300sqft pier and beam), but it seems to not have been much of an issue.Future Plans: Real estate is not my profession, but I do have plans of becoming financially independent so I have an interest in investing wisely and also finding ways to maximize profits from my business.

This also poses risk for short-term mortgages or ARMs.If you're going to hold rentals, my suggestion would be to set a longer-term time horizon unless you feel like gambling...

I do send them copies of all the lease agreements that I sign and my LTV is in good shape (32%) since I have many productively rented properties and also a well-paying w2 job.So that is what I'm doing lately - things were simpler when I was under the 10 limit but even though the bank has started raining on my parade I am still feeling the thrill of getting a distressed house, fixing it, and having it appraise for enough to have gotten all the cash back out and being, in theory, able to do that 500 times with a modest starting nut.I'm hoping to find my next portfolio lender who will finance out based on appraised value at 75% LTV without a balloon and keep the train rolling for one more year of acquisition.  

Assuming that interest rates will probably only go up from here, I wasn't thrilled with the ARM but the other banks I had talked to in the area offered similar terms and most wanted at least 20% down so I thought this was my best option.