You can show respect to them by doing what you have to do and not apologizing or demeaning them.

I apologize, I could have been more clear.

@Peter Walther @Erin ChurchI apologize it's take so long to respond.

Thanks for your responses, apologies for not being more specific.We're purchasing the property for $99k and have received an addendum stating that the seller's lender will pay recordation stamps plus local and state transfer taxes in exchange, we need to pay "closing fee of 1% of sale price - min. of $3.5k at settlement".The closing costs include:Loan Costs $3k ($1.75k (2.25% of loan amount (points), $1.25k (origination fee))Appraisal/Credit/Flood Cert/Tax service $700Titles (closing letter, lenders title ins, settle close fee, title ins binder) $1.1kPrepaids (Homeowners prem, mortgage insurance) $670Initial Escrow $875Fee per contract (i.e. what we need to pay the seller's lender) $3.5kTitle- Owners Title Ins $500These all total to roughly $10k.

Originally posted by @Brie Schmidt:@Frandizon John Reyes - They use what is reported on your taxes, see below, unless you just bought it they use 75% of gross rents mius PITI Net Rent Calculator Property Address: Rents received (Line 3b) - Total Expenses (Line 20) + Depreciation (Line 18) + Insurance (Line 9) + Interest (Line 12) + Taxes (Line 16) + Eligible Other Expenses (Line 19) = Gross Yearly Rental Income / by 12 = Gross Monthly Income - PITIA =Net Rental Income(Loss) I apologize for taking so long to respond.

If I violated those rules per the guideline, my deepest apologies.

My typing sounds pretentious and I apologize for that.

I'd be BRRRRIng nearly everything, knock out any impending capital expenses.

They feel that the cycle is off and there is an impending implosion coming.

I apologize if there is a miscommunication on our end.