Ratios are tight (on a refi).

@Daniel Luedtke Colorado seems like such a hot market, and your numbers seem tight for profit, have you thought about basically going the wholesale route on this one.

It takes up less room and you can feel good about improving your property, gain a deduction, at making 4 dudes that are probably pretty tight on cash happy.

My tenants know they're lucky to have a place & its super tight out there.

., etc......I called the NYS COVID rent relief line and there is nothing on file for him or his girlfriend, therefore nothing is in place concerning a COVID declaration that I would need to adhere too and the deadline to file for assistance was 1 Feb 2021. 

This deal seems tight. 

When you set a deadline, you should always include a penalty for missing it and follow-up to remind them of the agreement.

Then you rent through the down cycle, until the inventories are tight again, and then you buy at the bottom.

Wells Fargo has a 60 day from close deadline for a recoup.  

In total I have access to $30 000 if things ever got really tight.