The FDIC and many state regulatory agencies will require the lender to substantiate a global portfolio freeze based on value.In the past, I've frozen my entire portfolio but I was able to document that, on a global basis, values had decreased in excess of 50% from origination value.

I've contact Commonfund, Solvay Bank and Prime Lending...seems the best rate for a sfr investment is 6.1% with 760 credit score and $100k+ income, $100k+ in bank and we are renting for $900/month.Is this the best I can get?

I did try a few local banks, but they want to use my personal income and credit score for loan decision rather than asset based.

Originally posted by @Kathi Spencer:Matt M.

Originally posted by @Amy Innocenti:@Nik Moushon Thanks!

Originally posted by @Rob Lee:I would not waive an inspection contingency.

My broker is estimating around $1000/month expenses on a 30-year, I would put down 25% and after origination fees and  closing costs I would be looking at $45K out of pocket. 

I was alerted last night & got in touch with the HOA, who confirmed that the leak, regardless of where it originates, falls under my responsibility as homeowner.I’m out of state and severely disabled so I can’t check out the damage or repairs in person.

Originally posted by @Andrew Kerr:@Tarrence Gordwin - for off-market deals, where you are getting the property way below market value (presumably because the property needs work), I like to present my offer in person.

Originally posted by @Eamonn McElroy:@Ashley A Merk "My concern is taxation.