Most all supplies are in the apartment to put it back together but it's still a mess.1 unit has a roof leak that was improperly fixed (still leaks) and hasn't been messed with since.Tax are 3000 annuallyInsurance around 1200 or lessHis asking price is 165,000 would seller finance with 10% down.I offered 140,000 with him carry the note with 20k down on a 2yr balloon at 5% interest.His "Realtor" said he spike with the guy and he wouldn't do any less then 165k.

Could be a sign that since a few of the rents are slightly higher than the others, that the current owner was likely soon going to spike the (now) lower rents to bring them up to match the higher ones.

For those well-heeled borrowers with the capacity to pay off the loans on demand once the clause is triggered you have nothing to worry about.  

Interest rates could spike tomorrow. 

He contacts the owner of a well heeled Roth IRA who pays off his institutional line of credit.

Electric can also spike in the summer with A/C.

I am excited to see the spike in business as we have more out of state investors set up shop in KC and increased revenues allowing more local citizens get their foot in the door!

Then make sure you are buying a good RE deal and this new loan doesn't spike your DTI too high.

They are sharing their stories and the large returns are driving more interest.This interest has been spiked with the notion that anyone could be a Syndicator or General Partner, all they need is to go raise money via their network and boom they have LP's.This increase demand is occurring on a much smaller supply size and thus Prices have raised, cap rates have lowered and suddenly what was a C or D property is boom a B- Property with upside.If I am right the Lenders won't lose much if history repeats itself instead the LP's will be forced to hold on a lot longer, take a discount to get some money back or lose it all if the GP's can't manage the property.In the end for the first time in 15+ years I am not in the camp of bigger is better as I am getting better returns on Single Family Homes.  

This has proven to be the “Achilles Heel” for this type of development.