I did not have a lease drawn up and made only a verbal agreement, month to month.

Finished product and non-finished product and see what works and what doesn't.

Accept a down payment, security deposit or application fee that are all non refundable?

Remember Real Estate agents typically have an exclusive agreement to buy or sell and will get paid if a transaction gets done independent of who other parties involved are, while lenders only get the origination fees if the transaction is done with that lender.As a “Colorado Hard Money“ lender for non-owner occupied investment properties, we feel it is fair to charge a small fee to cover expenses related to estimating the value of the property, estimating the repairs, inspecting the property, and credit and background checks.

-economic vacancy rates (real vacancy + non-collectable rent and related income) -turnover costs between tenants (normal ware and tear costs painting, carpet cleaning etc.)I would also echo time tends to be under estimated and very costly.This post is only my personal opinion.

Even for a non owner occupied?

Given equal investment horizons, there’s no (non-prohibited) investment you can make that will grow faster after taxes are paid than if similarly invested tax free.None.Why don’t you give us an idea of what you’re thinking?

Having to tear it out if non permitted, would be financial disaster.

So, I think that is another reason, in combination with what Jay said, that it is not really hurting the investor that much.Chris mentioned the frustration of having to look at these potential non-winners.

The owner has a loan of approximately $40k which is VA and non assumable w/out prior consent.