It's 20% for single family homes.The numbers look good except I think the property management may be low.

The property I was most interested was in pretty good shape with most systems, except there are some foundation and/or structural problems.

I went to the tax office the other day and found out that despite all this info, the taxes are current except for this most recent year.

Not good news, except...The borrower's plan shows my second being stripped, but at the same time shows the property value waay above the sum of the first AND the second.

Except if it was delivered. . . .

The only exception is the HVAC/roof; if these items are half or less of their expected manufacturer lifespan it would be worth it.

I'm remind of the old Twilight Zone episode where the lonely guy buys a love potion for cheap, like $10.He was impressed at the exceptional value and it's powerful effect on his love interest, who doted on him and made him the object if her desire round the clock.I don't recall what the antidote cost him, but he gladly paid the old shopkeeper the astronomical price to get 'her' out of his life.Perhaps the note could be "gifted" to a competiting note buyer?

Don't forget to mention who's been helping you out ;C) It has been a pleasure working with you and your family, and I know you're going to grow into an exceptional RE investor!

I heard you say that title said it was on the list of exceptions, but this does not mean the lien is still valid.

Your point about the markets is vitally important.