The reason is it could just as easily go to 50% occupied and become a short sale or foreclosure as soon as they have made the loan.The fact that you are a 2 hour plane ride away trying to take on a property like this with little to no experience in a value add will make a regular lender run. ( I am assuming this based on your post but I apologize if I am incorrect ).If you use private or hard money you will have a very high debt service to carry compared to conventional lending.

Marjorie, If you read my earlier post I apologize.

'We apologize but both the loan processor and underwriting missed several of the repairs the assessor required. 

Account Closed I apologize that it's been a bit since you asked the questions.

If your situation has changed and you don't need an agent to do work for you, and he / she has not done any, I'd offer him a $100 or $200 for inconvenience and your apologies.

I really appreciate it.I also wanted to apologize to everyone, but I had posted this same question across two different forum topics because the 1st one didn't seem like the perfect fit.  

Lastly, I apologize if this post is a bit fragmented.

@Joe Zupancic I apologize that I am so late in responding to this.

I apologize for not describing more about PACER previously.

thanks for the advice I really appreciate it and apologize for the misunderstand... so what do you guys think about Naples... can't wait to hear your thoughts