Or are we depending on appreciation to reduce the LTV?

After taking over - increase your income and reduce the expenses and turn it into the proverbial "cash cow".

I would use about ten percent to start, meaning that I would reduce the total amount of rent you expect to collect in a year to 90% of the total possible gross rent.

The new subject purchase wouldnt qualify.Most reduced doc high ltv loans have vanished as well.FYI - Full Doc requires that you have at least 6 months of the expected mortgage payment, inlcuding taxes/insurance, verifiiable in liquid assets seasoned for 60 days.

The transaction will drastically reduce monthly expenses and increase cash flow on the property.

.- Activities that would allow you to reduce operating expenses and increase net operating income.d.

I stand by the statement that PM is a cost center and it is focused on reducing expenses and operating efficiently.

I would think any smart investor is going to want to get the bank to reduce the loan amount anyways.

It is a more fundamental difference in the approach to daily operations: Proactive vs. reactive.

Hopefully you are organized and have reduced the materials down.