Trust me, I know it's very possible and I know that's the main battle in this game.

It's always a good play on a rehab though.

Thank you for your response and yes im a new to the real estate game.

I am actually staying in an AirBnB this summer with my wife and her parents to show them my hometown (hopefully there is a Sox game then!). 

I grew up broke and promised myself that when I grew up and had a family of my own that it will never happen to them.I'm new to the real estate game.

That said, if they initiate it on the first and the money is withdrawn from their account that day then rent is paid from the Tennant's POV so I don't see how a grace period comes into play.

He felt that $66k is what it was worth and was happy to play chicken with the bank.He didn't close on it.

Do we now play the waiting game and let the combination of equity growth and likely appreciation do their thing until we're in a position to borrow again?

At $1400/month rent each day of vacancy costs $46 so maybe playing this game with the water isn't worth it.It just bugs me to pay $60 for one or two week ZERO gallon water bill. 

Hi my name is Dominick Stogner and I am very new to the real estate game.