I've been off of BP for a while, but wanted to give a renewed shout-out to @Chris Mason for his help going through my updated DTI calculation.

Please see updated numbers below in chart that includes insurance. 

These agreements must be entered into carefully and with the help of an attorney who does them regularly.

$125-150/ sf gla for cosmetic update

This site is a gold mine of knowledge, some of the experts that chime in regularly have many decades of Real Estate Investment experience and happily help new people. 

We have many clients doing private lending but I can’t stress enough how you must understand the business and maybe partner up with some experts who lend on a regular basis. 

PM me for contact info and give me an update on what you’ve been doing since your last post.

So you should be aware of that and act accordingly, by making sure you have a way to check on the status of the loan payments regularly.

Hello developers/technology enthusiasts,and mortgage lenders:I am looking for a free API for mortgage rates, either updated weekly or daily. 

Really appreciate all the feedback and support, an update on the property, i've gotten current Cap Rate, unit by unit rent breakdown, and even better found out the property is not rent controlled. currently working on formulating the project to present to private investors but i dont have private investors!!!