Hard money lenders that offer it can do 100% LTC and 70% LTV with a higher interest rate and more points than other lenders.

If it is a rental property, basic subway tile is perfect and rarely goes out of style.

Some investors think I am crazy doing that and perhaps so, but I take other people's money seriously and even when the crap hits the fan (and it will if you do enough deals for a long enough period of time), paying back your lender is priority one in my book.Most of my deals for private money also include a balloon payment rather than monthly payments.

They generally end up with better options than a lower income self paying tenant.

The regulations need to be taken into account but finding a good deal in these markets is easier than most.

I obviously want to be careful, but at the same time, gut says I can get more than the meager comps show (both in quantity and value).Anyone out there facing this type of issue? 

@Casey Nelson One deal is better than no deal! 

My question is if inspection turns up foundation damage will cost much more than what I expect and budgeted for... 

Surprise in this scenario means it pops up annually, rather than monthly/quarterly.

@Marc Winter another tactic is to get the broker on the phone if they seem to have a lot of questions that puts you in less of a bad position.