I have no issue with the points and fees, but can they perform for you or are you going to end up stuck with a hard money loan and rate you cannot get yourself out of?

Most commonly the owners in the colder climates select the lease expiration to stretch  over a year to ensure if falls between March 31 and August 31st when possible.

afterall who knows more about the performance, condition and track record of a property than the PM. who has been managing it the past several years??

Hello all- in the final stretch with my first investment adventure!

Not that getting a RE attorney on your side is a bad idea by any stretch, but there are many very experienced and knowledgeable investors that may be able to answer your questions...Then just check their facts.

Can you perform a double closing/ simultaneous closing/ double escrow?

How are you performing your MFR search? 

New equipment just like a new car performs better and has things older equipment does not.The old freezer the compressor,seals, etc. are all getting toward the end of life expectancy.

In my personal opinion stretching yourself thin at the top of a market has a lot of risk.

My strategy is pretty simple.....acquire as much debt as I can, and stretch out the amortizations as long as I can while rates are still this insanely low.