Just being involved in real estate - even in a cursory way - will not only keep you motivated, but educate you and keep you focused.  

Keep you eyes and ears open for  refinancing  options in the  forthcoming year...thanks and all the best 

its hard to think if it was a normal 30 or 45 day rate lock lock that the process is taking that long to where you would need to extend. i was trying to catch up on previous responses, but it sounds like the cap at the 66% LTV was to keep the DSCR ratio's in line to keep the original terms the same. i do agree with a previous comment that 1.5 bps a day is very reasonable for extensions. most non-qm lenders will except an appraisal from another company and transfer it over. however most lenders (if they are sticking with the same company) will not usually allow a 2nd appraisal, so they might be sending elsewhere anyway. hope this helps

I have found a honey hole and want to keep this relationship going well…..so what would you do?

The legal costs set us back so much and they were down the drain because we couldn't afford to keep it and keep fighting him.  

Keep in mind a 3% appreciation on $3K/month is higher cashflow than 3% appreciation out of state on a $1K/month rental. 

I'll keep learning and growing in the meantime.

Update your ads often to keep them fresh and true.Good luck!

Get in and our of 3 projects as fast you can and now you have the experience and some profit and now the terms and programs get better for you and you will have gained some knowledge and know exactly what to expect.Just keep in mind that projects have a life cycle of 4 - 6 months. 

Treat this like a business (because it is), keep operating expenses as low as possible while making your spot aesthetically desirable.