Between Xmas and News Years Velocity sent out a memo stating they were cutting their LTV's to 60% from 75% and raising their minimum score to 720 up from 680.

http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/articles/2016-01-14/paying-off-back-taxes-can-be-good-for-investorsThought I'd share this article for those who didn't see it in US News & World Report.

If you miss a private money, hard money, credit card, or traditional mortgage payment it will be bad news.

Good Morning @Robert D'Amato,It is great news to hear that you have utilized the most beneficial government loan program on the market today! 

@Ryan Shekell presumably, the comp data used by air dna, the PM, and anyone else who gives you data, is at least a couple months old (or its YTD data)...either way, the market today is a different universe than it was a few months ago, and it's likely that it will continue to change (particularly with STRs, which tend to get hit hardest with vacancy during a recession).So, even if the data you're getting was accurate at the time it was collected, it's probably almost meaningless now.Moreover, there has been a lot of news lately that the STR market is way oversaturated with supply (and again, demand is dropping fast because we're heading into recession).

That said, 8 large dogs and your neighbor's kid was only "bit" was lucky you don't have a grieving mother on the news of their kid becoming a dreadful statistic. 

The good news is if you persist and present yourself correctly you will be able to speak with a lot of sellers.

Hi Maurice,You could always find a room mate situation in a place near grocery and some fast foods.Just pick someone who matches you (introvert, extrovert, likes sports, or reads online most of the time).That way you will be less likely to get in each others way.Ask friends first--because the are a known item, vs the unknown.Good Luck!

I’m with @joe @Joe Villeneuve   and @Nathan Gesnerand I may add… the good news is you can borrow against this property and go get another with similar numbers.

I have agents who throw me business if they know it's something I do.You need to get on the phone with people and have that 20 min conversation that covers some business, some personal, some chit-chat and by the end of that if you've dealt with enough people you should have a decent feel for whom you're dealing with.I can say as a loan officer, I treat every loan like my life depends on it because I know if something goes wrong it is going to be on me whether it's my fault or not because I am the face to face with the borrower so any bad news is delivered through my lips.