You won't be able to submit cash offers, and you'll need to ask for about 8 weeks to close with your financing -- this isn't going to be attractive compared to cash or quick financing terms.Can the credit union do a cash-out refi in 45 days if you can buy the property for cash beforehand?

Before getting it under contract do an informal walk through and take notes; subsequently under contract "hire" a certified property manager and/or appraiser to compare notes. 

Feel free to hit me up if you want to compare notes about North Co.

Even if the balances are zero, if you have too much available revolving credit compared to your income, it is bad.

And that process absolutely includes the expected return, the level of risk and the fact that no one can predict how any property will perform compared to another.

I saw a report last week that the inventory for sale in San Antonio has significantly decreased compared to last year at the same time.

Compare this to another town I have a SRF in, and they only charge $50 deposit.

Compare this to the rent.Now, adjust for changes in valuation.

Closing today on a property that is in pretty good shape compared to what I normally see and buy.

Jim,9% is not bad as all compare to the hard money lender in our area.