I'll message you.

I'll never make another call to the loss mitigation dept of a bank and I'll never FAX the short sale packet for the 3rd time because they still don't show it in the system.Let's just say I don't believe the best and the brightest wind up in the short sale dept of the bank.

This creates another problem- I'll loose contact with the potential investor. 

Just my 2 cents...and I'll fully admit I'm only educated enough on this topic to be dangerous...definitely not an attorney myself...but I haven't received an answer I'm comfortable with from anyone on it yet either. 

If they lower it again I'll make another offer.

That would be great to see, I'm sure I'll be in touch!

I'll use an example with similar numbers because I want to truly understand the reasoning here:On the high end, the interest rate would sit around 5.75%, at the cost of -.125 points (ultimately resulting in a lender credit of $164) and a P&I of $766 per month ... on the low end, the interest rate would be 5.375% at the cost of 1 point (around $1300) with P&I of $735 per month.Given that info, this is to say that if I planned on holding onto this property more than 42 months (that's $766-$735= $31 per month... then $1300/$31=41.94 months), then it would make financial sense to pay down the percentage rate up front at 1 point because beyond 42 months, I'd be saving money every month...

I’ll do that.

I usually buy them rent-ready, but I'll bet there are some investors out there who would love a condo from a wholesaler.  

I'll be there tomorrow night.