The bigger the job to faster they will get to you.

So if the appraiser determines for example that the average rental amount for the area is $1,500 then the mortgage, taxes and insurance (and HOA if applicable) need to be at or under $1,500 to get the most favorable terms. 

Lilburn is along the same lines as what I noted above, your acquisition budget needs to be at least around $300k (maybe high 200s) unless the property is distressed.

The money wasn't secured by a beat up investment property that could go south, it was secured by his personal home that had gone up in value a zillion percent since purchase.

And of course they have no money so going after them is like going after a dead beat tenant..

Can't beat that cash on cash return.

At $600k, you'd be at a 8.36% CAP RATE this wouldn't be taking into account any other income from the property.. 

Construction of homes began in early 2022.In my experience, my commercial sites move along a much faster timeline, but this one was exciting to finally see a completed product. 

So, you have to "beat" that difference. 

Are you sure it was the best idea to beat out the other offers to be in this predicament?