@Brian OrrSpeaking from my experience and underwriting these deals the lender will work with a predetermined range of expense ratio starting at 35% on the low end to 45% expense ratio.Once the appraisal comes back they will look at the market expenses and your actual expenses and take the higher of the two ratios.Most banks including alternative lenders will preliminary underwrite the deal at 40% until value comes back.

I'm no longer employed there.Their current situation is just as much a shock to me as a investor as it is to other investors, and I would politely direct any and all questions or comments to the receiver who is handling the EquityBuild portfolio.Thanks,Joel

I can tell just from preliminary searches that the supply is low and demand is high.

After gathering some preliminary information about the property and yourself (such as FICO and experience), we are able to provide a quote!

:shock:

@Charles KaoThank you, I’m in shock what I just found out on BP about them

I wonder what David and Brandons take was on this service.I would be shocked if they actually used it..

Any accessory buildings within a Planned Area Development (PAD) zoning designation shall be subject to the applicable provisions of the adopted preliminary development plan. (3) Accessory buildings in single-family residential districts shall not exceed fifteen (15) feet in height. (4) No carport or garage entered from an alley shall be located closer than ten (10) feet to a rear lot line. (5) No accessory building shall be constructed prior to the construction of a principal building. (6) Guest quarters are permitted subject to the following: (a) Guest quarters shall utilize the same utility services provided to the principal building (i.e. separate utility meters directly serving the guest quarters shall not be permitted).

March 2020 - Decided on design /floor plan--- Corona virus uncertainty pause ---Jan 2021 - Picked things up again, engaged the engineerFeb 2021 - Submitted the plans to the city planner for the preliminary review.

You do not want to have open areas in a breaker panel where a tenant can accidentally get shocked while resetting breakers.Outside HVAC units look old but i doubt you will be able to get the price adjusted if they are still functioning well.All the concrete cracking/settling is normal... no worries Railing missing is an issue.