And kind of along the same lines as what Brian M. was saying, if you are direct to the decision maker and they are engaged, the take away works wonders in helping you regain control.It also helps to have a senior partner or committee (who may just be your significant other), who has to "approve" all the changes.

The savings in negotiations for the bank fee, the rate, the down payment, amortization and selling the loan to the bank's credit committee pays for itself numerous times over the term of the loan.

I received an email the other day with the following information:-----------------------------------There is a bill in the Colorado Senate Finance Committee that would change the classification of property used for short term rentals and markedly increase property taxes on those properties.

Ok,so now the 5% rent cap,AB 1482 passed the committee,in April,along with another tenant eviction protection law just in the last couple of days.It seems like the odds are pretty good it’s going to pass.Im so screwed.I had to redo all the stucco and the structure on the outside,and I didn’t evict the tenants.Instead I gave them a rent break.I recently found out all the bathrooms where done on greenboard and pretty much had to redo those.what should I do?

We signed the term sheet and moved forward with the appraisal.They ended up sending it their loan committee and changing the terms on me a few weeks before close: 25% down, 25 year AM, 5.5 interest rate.

Broker/lawyer committees put these agreements together as a result of lawsuits.

If a neighbor got mad and reported you to the zoning committee, your investment could turn into a nightmare pretty quick.  

The called me at 9PM and said their loan committee willing to make exception and allow for 70% LTV and reduce rate to 4.69%.

Far from true, not only by simple transaction logistics but banks typically don't move that fast as usually the bid and final bid needs to go to committee (depending on bank size).

At least that's what excise and license rep said at the Short-Term Rental Advisory Committee meeting that happened the day the charges were reported on in the media.