And the reason why your "tale of two halves" will play out as you described.Demand:  This has actually been high almost all along, but rent growth hasn't materialized in response due to high levels of new supply. 

Thanks for your response @Michael Wentzel!

I am responsible for getting a job done .  

Tenant clearly accepted these responsibilities. 

If they're responsive and know how to save you $ on taxes sometimes the premium price pays for itself.   

Thank you for the detailed response.  

The owner can designate a host who shall be responsible, and authorized, to act on the owner's behalf to promptly remedy any violation of these standards or the permit.

We had only worked together via phone and email for this deal.After all prorations at closing, I was only responsible to bring 6% to the table.

Staying on track with timelines was crucial to avoid unnecessary holding costs.

The borrower will be responsible for $3K at closing while the lender will fund the remaining $12K for the interest reserve.