If you go to commercial....those have high rates too.  The

I'd lock in with current rates too. The

Listen to the BP Rookie Podcast, too. The

I find it funny when the rich people of Barton Hills, Hyde Park, etc whine about affordability while at the same time fighting tooth-and-nail against multi-family in their neighborhood, as they tear down their own house to put up some huge ugly mcmansion (and pay the fines to cut down a few "heritage" trees along the way).

@Andres Vanegas  Keep in mind too, the $150k rehab, you're going to have to front some of that as well, and then will be reimbursed in a draw schedule, usually 3 draws after each phase of the rehab is completed and inspected. 

When you rent a house from someone you have a fiduciary responsibility to pay the rent irrespective of God, Jesus, Allah, Zeus, or the Tooth Fairy.

Took me a couple days to figure it out too! The

I know all markets are local etc etc.But I also see the continual erosion of the home buyer.

Agree with the above comments, it's the opportunity costs of the lender, what the market will bear, but if good credit, you'll go to the head of the line too. The

You will need a geologist to do a soils test, a surveyor (depending your city you might be able to do a basic topography survey with boundaries or might have to do an ALTA survey) and maybe a civil engineer to do the grading/erosion control plans.