We love visiting with people about the product and Northpointe makes it easy to originate.

I agree with the "it depends" approach when it comes to determining reserves, but generally, it should align with the age and anticipated maintenance needs of the property.For example, we have a duplex built in 2003 with the original AC units and roof.

Quote from @April Birdsong: Update:  My floor guy came over and found original hardwoods under the carpet in the bedrooms.

This may affect what you can sell it for.Other option if to find a better PMC and follow your original plan.

In addition, the capital outlay starts long before any income and the detracting of something from the primary structure even if it is just yard space.As indicated, my original protege made a lot of money (over $500k) on a land transaction associated with a large count ADU development.  

The original grants were for an 42acre chunk of an 82 acre lot.

Originally posted by @Corey Block:Mike, I would appreciate any contacts.  

If you’re running a MTR more like a STR, then you can decide to charge the full boat as agreed or, if you desire (possibly to obtain a good review) find a substitute renter for the period in question and credit the original renter.If, like me you operate a MTR more like a LTR just for a shorter period of time, you probably use a specific rental form provided by either the state real estate commission of the local NAR affiliate.  

The Prosper Construction team redeveloped this building back to it's original glory.

My firm has a fix to rent product that discounts the interest on the fix portion, and discounts origination on the DSCR portion.