Maybe Avail made a personal decision?

Couple things to thing about:-Not sure if the 1% rule applies in this scenario but feel like there’s no way you could get 4500$ in rent.

If you really listen to the seller, you can learn important things that will help you feel confident during the negotiation process.Remember that negotiating isn't about getting the other person to give up.

We made several improvements to the property when we got it - a totally new gas line, a totally new water line including all the lines from the street and pex plumbing installed.

@Terra PadgettPaid annually… You have a lot better options I feel than 10% loan taxed at ordinary income and only paid once a year.

You mentioning this made me think about another lever.

I have a feeling, and I could be wrong, that Loan Originators have a good sense of whether you'll be approved for a mortgage loan or refinance.

I quizzed a few lenders and they said none of the conventional type loans they have made in recent times allow for this.

I see you are a rental property investor at what point did you feel like you had enough reserves to take on a property?

It's around 4 acres of land that could be developed into a cul de sac with ~10 SF homes.However the lot currently hosts a 5k sqft commercial/industrial structure (made out of metal).