Also what happens when you refinance (instead of selling) and market value declines hence you get stuck with a mortgage in excess of the assets market value?

If anything, it states that if there is determined that there is excessive violations at a property that a Remedial Action Plan with the city would be required.Here are a link that might helpCMPD Rental Ordinance

I don't know if it varies by state/county but that seem excessive.

Both in the form of the excess part of the $150K that you don't need for the deal(s) you're currently working and the entire amount when you're in between deals.I certainly would not consider this unless I could use it to generate an even higher return. 

So, for example my company may have the ability to do 10 loans for a single person but not in excess of 2m in total loans.

If they do not buy the house at the end of the 36 months you would more than likely have to paint everything and do repairs well in excess of $5,000 for normal ware and tare to bring it to marketable standards and your in the same position just 3 years down the road. 

We downsized from a mortgage-free $600K home in a pricey market to a $100K home in Las Vegas, and have the excess available for investing.

., again) is for a fund to buy up 24 multifamily units located in Drexel Hill/Upper Darby, Pennsylvania. 12% preferred, then 60/40 split (60 to investor)Internal rate of return in excess of 15%Minimum cash-on-cash return of 10%1- to 6-unit multifamily buildings5% loan at 70% LTV, amort over 25yearsTrailing Cap Rate 8.63%These are a few of the assumptions that I am I am having a problem with:1.

In Kentucky, our attorney advised we not go over 10% of the total rent amount in late fees otherwise a judge may look unfavorable on trying to collect that much (they would possibly see it as excessive).

In all seriousness, thanks for that explanation, always good to avoid excess liability.