There are a group of us meeting this weekend to discuss over coffee at a local coffee shop in Delray if you'd like to attend.

I'm also saving 60-70$ a month on my mortgage from switching lenders so I'm glad I shopped around.

I'm also in the process of getting an IL broker's license and we've been doing a lot of research to add to our low/no money strategy "toolkit" - feel free to PM if you'd like to talk shop!

Shop around.

If you want something more permanent, ie 30 year fixed no balloon you'll have to shop around.

Instead of wasting your time at a big box shop like Wells Fargo....why dont you contact @Chris Mason who is in your area.

@Remus Phillips Your best bet is to shop around at local (or at least regional) banks.

In September of 2012 i had a meeting with all of my employees to let them know that after the jobs we had, I was closing shop.

Multiple scenarios that I UW differently:1) For me and my 3 markets it depends as some homes I put in all new CapEx before I moved a new tenant in and I go 5% maintenance and 8% vacancy.2) If its a mixed bag of CapEx useful life (e.g. roof/HVAC have 5+ years) I do 5% maintenance and 5% capex on top of 8% vacancy.3) I have a PM who does 8% PM fees and finds 18 month leases, so sometimes the 8% vacancy is put down to 5%.But with any assumption, these are arbitrary and you dont want to push the needle one way too far to talk yourself out of an investment OR into a bad one...just make sure you set your expectations by talking with the locals and don't fudge them once a lead rolls around just to take down a deal.

I have a Gibson 3 ton heat pump condenser unit with a new compressor in it sitting in my AC guy's shop if anyone want s to buy it...