With property values increasing faster than wage growth, people are looking to perimeter neighborhoods to get more affordable housing CLOSE to the neighborhoods where they want to work and play.

My fear is how much we can afford vs how long this will take to complete.

Im pretty happy about it but at the same time frustrated because i dont have much room to negotiate much deferred maintenance.

My sister lives there and our friend that's the realtor but we looked for properties ourselves, pretty much looked for what we could afford then did Google street view, read about the area, looked at sales and rental comps.

@Or Y. well, on the one hand you are correct - higher dp means more secure cash for the bank, but it also means they make less in interest so you can see why their ideal situation is a moderate downpayment with a high loan balance and long term from someone they know can afford to repay the loan plus allllll that interest.

I've been getting so frustrated with this because I've tried dozens of times to post and it hasn't worked bc of some glitch...But hey everybody!!!!

And of course they'd rather not "experiment on themselves" (clutching pearls) to prove that there's a much more affordable solution to their problems.I'm in my forties now, and I've long been forced to accept that the world is filled with men and women who really want to be told what to do.

Specifically who pays for this fee?The buyer or the seller?Thanks

I have must have spoken to at least 35-40 people on the phone to pre-screen and even gotten deposits from people just to have them back out at the last min.Needless to say, I am getting frustrated and fearful, as it has been about 2 months since I finished the rehab. 

I know in the case of my two tenants who had foreclosures, they just had really high mortgage payments that they couldn't afford.