They are not paid out of pocket.Hard money lenders have the freedom to approve or reject you deal based on their personal bias.

Why should they get a piece - Plus I do believe I'm a better negotiator than any realtor I've met, but I guess I am biased..lol.

But I am a little biased living in Boulder.

Maybe my military experience has me biased, but I just don't see it as worth the problems.

I love your approach (of course, I'm biased) and wish you the best!

I echo the bias about the RICH Club as well as the Bigger Pockets podcasts.

Disclaimer: This is my event and I want everyone in the world to be there, so I am biased.

I see where you were going with that.That would be a difficult one to get anywhere though, they would have to use that to tie to being a protected class like race or gender and say this was an excuse to get rid of them.

Everyone comes at this question from their own personal bias.

Depreciation is also an "after the fact" recognition of the expense, when you SHOULD be reserving for it in advance by dividing the cost of a new roof or mechanicals by 15 years to get an annual "charge" that you are setting aside (or more if the items are already fairly old when you buy).Not saying those you know are fudging the numbers, but just be aware that there is an understatement bias on the part of the typical investor.All that said, you have <1% prop taxes and are in a high rent range in a generally good area with good tenants, so based on this I think I could rationalize 45% for vacancies/expenses, or perhaps just 30% if doing the management AND leasing.