My way may be viewed as conservative to others, but I know the dust settles I can withstand down turns in the market much better then someone who is leveraged to the hilt and has no cash.You do what you want, but I'm just trying to give you wisdom from personal life experiences.

More importantly, I informed the tenant that I am happy to work with them in this matter, but I can only do so if we open up lines of communication.In a way, I view this as partially my fault.

On the other hand, look it at the home owner point of view.

Pass on bringing your GC until you've had a chance to view property and its potential.

I believe it really helps change your world view and perspective.

So it's no telling how long it might take to get them out.I visited the house and the tenant refuses to let me view the inside. so I have no clue of the condition of the inside of the house.

I have gotten a lot of views but no reply.

This is also your first point at which some degree of error can be introduced, as AVM's are typically based on public record sales, and public records don't include attributes like view, curb appeal, and other less tangible items that can effect price.

Example is if I am at 80% LTV on asset I may be at 1.35% DCR but to go to 85% or 100% LTV if permitting, I would personally need a much higher DCR depending on risk as viewed from a market and property level, as an example I would atleast 1.50%-1.75% DCR.Some people may look at it like the above with Debt Coverage Ratio (DCR) on the individual property level or they may look at it from DCR as global cash flow perspective with all personal income, business income, properties, notes, and other investment cash flows or cash flow activities net at the end of the day and stress test that to make sure the debt provides enough mental, emotional, and financial safety for the given increment of additional risk by borrowing X dollars.I would love to hear other views on how debt is managed or how debt preferences are formulated.

Hope you didn't get their hopes up and they end up with a different view of you. :)