It could be that the seller needs to accomplish something and needs a specific price or it could be an ego thing- who wants to know that thier property is not worth what they really thought- The market normally brings these people to reality- usually after they have paid out 3 to 6 months of mortgage with no offers in thier price range.

Reality is they made a misstep somewhere along the line and need to sale.

I think what Curt was referring to in his first post was the GSE underwriting realities.

I know some "reality" shows are done with actors; Operation Repo comes to mind.

In reality, the kid had coolers upon coolers of supplies and was selling dozens and dozens of glasses of lemonade in a public park.

Landlords get a terrible rap when in reality they're often the ones putting the most effort into getting properties and neighborhoods looking nice again.

In reality, it may just have zero value because the lessor would just take possession as-is, unless they have something else in mind for the land.Byt the way your post is worded makes me wonder if you're really just talking about buying with a lease/option.

Assuming you will have around a 10% equity stake in each property for your $2.0 Million you still need to make or raise another $140k plus, chase your dreams but keep them rooted in reality.

That's a tough reality that a lot of people are facing right now.

The reality is that a lenders underwriting and pricing reflect the current risk of loans, taking into consideration the higher-risk characteristics based on performance history.