As others pointed out, the credit partner would probably see lower credit scores with the increase in debt, and cash reserves would be required with each additional properly.

He reacted quickly however when I left him a message saying I hope his E & O insurance is paid up because I got a demolition notice for the property I sold.

As a contractor, I know that sometimes you have to pull everything back to find the damage and repair it, otherwise, you just have a money pit that keeps sucking up all your resources, and never is what it could have been, had it been repaired properly.

Of course, other factors required and provided included the 2 years of tax returns with Sch E rental income, good credit, cash reserves.

They responded that I didn't give them proper notice to vacate.

We went back and forth by e-mail and it seems his goal is to make 10% on his money.

They should have renters insurance to cover their belongings.An attorney will take up a bunch of time.I would make sure their apartment is fixed properly and not on the cheap and that also they reimburse the days out of the unit say so many days as a free rent credit moving forward.If they blow off the requests that might be the time to send the attorney letter to wake them up to working with the tenants.

Thus it is not proper for such a broker to undertake to devise the detailed terms of a purchase-money mortgage or other legal terms beyond the general description of the subject property, the price and the mortgage to be assumed or given."

At least they took two parallel to get some more juice through.

This process can be avoided with proper estate planning.