This seems to be a case of bad luck/accident.

If you're going to be living in this property with your family, you can't ignore the quality of life factors.Again, I'm not trying to discourage you from investing in real estate; I'm trying to discourage you from investing solely because you think you're "throwing away money" by renting, getting into a bad situation because the house you want to live in wouldn't make a good rental property, and then being turned off from real estate investing because of a bad first experience. 

These guys are advertising less points but then in the end their points are truly right around 3. 10% and 3 points is actually not bad for hard money.

They failed to see that our companies mainline was novelty hats, and seemed to  think we were just badly dressed men!

Rents at $1000-1200 per monthNow, the deal - I’m offering $150K without seeing the top unit yet, no idea how bad it is.

I've also had no trouble with shopping around even with other loans in progress (and I would definitely do this any time a lender throws a last-minute monkey wrench at a deal- this is extremely bad form on their part for any reason. )I've had great results with Mike Morgan at UFCU on Patton Avenue.

Getting out of a bad partnership can oftentimes be more challenging than getting out of a bad marriage.Good luck in your future investing & education!  

There's a lot of good areas and an equal number of bad areas. 

Bad situation, however you would have to prove the previous owner was negligent.

Any input you may have as to why this may be a good/bad idea etc. is always appreciated.