The original mortgage was 144,000 and I heard that the junior mortgage falls off [it was a tiny 32K].

My hangup is that even though the HOA is not allocating $85k for the reserved this year, they will have over $200k in reserves (over 20% of the $850k budget) Everything else has been cleared by the underwriter (insurance policy, occupancy rate, ect..) but I am concerned this deal will fall through because of this issue. 

Anyone of experience we know that's called a falling-knife. - A 6 month renter is NOT something one gains on demand.

You are experiencing what many fall victim to in the DSCR world when certain loan officers or banks try and broker DSCR loans when they are not well versed.A DSCR loan has to be underwritten up front by the Banker or Loan officer and many fail to run the numbers correctly or at all.

It's about understanding what falls into 5 year, 15 year, and 27.5 year life.

Fall in love with the process, and success will follow.Reflecting on the Journey:What happened to me during this full cycle, including the 3-4 years of the pandemic as a RE investor?

From that information I would think the best you can do is get a range of the ARV (say $150-$170k) and I would make sure you numbers work no matter whether the actual value falls within the range.

tty LO, the deal can take forever and possibly fall apart.I live in South Jersey, outside of Philly. 

Pete,Mortgage rates are falling fast and the FED meets September 17th-18th and its a 99.99% they will cut the FED rate by .25. 

Take action and the rest will fall into place Hope this helps!