(Will, I have great respect for what you do on BP so please don't take this as argumentative.)

I usually use a 7% vacancy loss, although currently the area has near 100% occupancy because the economy is doing comparatively well with respect to the nation.I have a 4-unit just a few blocks away from this one and 6 other properties within 2 miles.

Must be flexible with respect to work hours - we have work seven days of the week but not always on a fixed schedule4.

Furthermore, due to underwriting guidelines with respect to financing a condo, it can be damn near impossible to get them financed due to occupancy requirements in the building.

I work on unmanned aerial vehicles, which will directly be used to engage the enemy and keep our nation on the offensive with respect to terrorist cells.Our strategy certainly hasn't been perfect, but what is the alternative?

If you admire and respect his finacial position then great(I admire his position, and hope to be in a similar position too).

A true win-win relationship based on respect and trust.

I guess you'd have to structure this in such a way that if the short position moves against you, you're still breaking even net-net.With respect to Bill's comment, I see where he's coming from, although I don't think there's any harm in trying to figure out how to create synthetic fixed-rate debt from floating.

I do understand that the bank has a right to ask for full payment when property they hold the note on is sold and I am guessing that the best way to make this deal go through is to make sure that the bank is unaware that any transaction has taken place.With respect to an exit strategy, this would be a primary residence, even though if the technique works I might consider adding in a few investment properties as well.I'll read up on the Subject To deal mechanism and see if I can't come back with a few more educated questions.Again, thank you both,Ken

All hard money lenders are different in respect to their terms, points, interest rates etc..