You can always pay off this amount and when you do payments stop versus the REFI, where the increased payments continue for the next 30 years.

I finished a rehab in March, and some of my quotes for work today are nearing double what I paid 4 or 5 months ago, which was effectively double what I paid for work at the beginning of COVID.Clearly, labor costs are rising across the board, but my friends that work at a large enough scale at least have salaried tradesman on their payroll, so it is a little easier to control that cost, versus subbing everything.

We've been doing this a long time and yes, you can put in your lease that tenants are required to steam clean and can even state that it has to be a company (versus renting a steam cleaner from home depot/walmart).

Since it is your first deal, why the emphasis on speed versus insuring doing it correctly. 

@Kenneth Gore yes the lender should be able to do a change of circumstance and structure the deal as a seller credit versus a price reduction

Right now, it’s going to be tougher and you might need to look at renting short-term versus long-term in order to make the numbers work.

The other item was that he really only offered two options for interest rates versus having all kinds of different options.

When buying a new rental, if you buy it right, it will add to your income thereby lowering your debt ratio versus raising your debt ratio.

I just had a borrower receive a low appraisal due to the lack of quality comps in the area versus a refinance they did a year ago.

Say we want to upgrade our equipment, but because the cost of financing just shot up... they look at how much their payment would be, the monthly payment on that versus the fact that the restaurants are starting to slow down more.