So therefore we are claiming the cap rate is XX based off of NOI of XX.Total crap.A lender will not overlook these things unless maybe full recourse and putting 50% down for example.

I use Polio now, but it required quite a bit of customization.

., well if it's "just like any other lender", then you owe him no loyalty, being "just another customer", right?

Good thing since if there is mold when I tear the carpet out to replace it in a few years, I may pursue a claim against them since my lease requires them to report things like that ASAP otherwise they will be responsible for the charges.I get people don't want to trouble their landlord or have their landlord coming around for stuff, but when these people don't report it, it ends up causing far more damage.

Building a spec home is a situation in which you are going to have a VERY tough time claiming capital gains instead of ordinary income.  

Hi Joe,Can you (law firm) customize wholesale purchase & assignment forms to be CA friendly.

On the same property, there is a brick 4 unit and 2 separate duplexes for 8 units total included in the deal.Below is the P&L the realtor just sent me, along with the rent roll.To me, right off the bat it seems like they are really low balling the expense side of things (not taking out for vacancy (though they claim vacancy is never more than 1 month, so should we remove 8%?) 

Sams Custom Coating He does great work, and he's not expensive.  

The loan was secured by 2 properties in Chicago.In the closing documents, there's an Escrow Agreement which says the private lending mortgage broker acts as escrow agent for borrower and lender to hold said Quit Claim Deed: (Escrow agent = private lending mortgage broker) with the following terms1.Borrower agrees to deliver to Escrow Agent an executed and notarized Quit Claim Deed running to Lenders for the properties2.

Best to read up on evictions and small claims court and then decide if you really want to risk going through those processes on the grounds that you think this is a long term renter.