The hard money is super expensive and from the presentation I was given, it cut the profit in half (versus paying all cash).

Well, talked to a popular DJ here and I was cutting up a bit with some of my odd humor and he says he wants me on his show as a regular, I get some stage name you know, otherwise I wouldn't do this for fun.I'm doing a bunch of one minute rants, as an uniformed older guy that basically has the wrong facts, kinda like a Gilda Radner, never mind..... or maybe a straight guy really ticked off about something no one would ever give a second though to.I need some subject matter guys, help me out here.

As far as the hot and cold supply pipes, it's easiest to just cut them (with the water off) and replace those with PEX.

She said she liked this one because it "Felt old inside" (We went out of our way to mimic period detailing and period trim cuts)Anyway, she offered us under list but we eventually haggled out to $240k with a very, very small closing cost concession.

Well, you're not meeting the 70% rule, but I don't follow that either and if you have a decent market (400 days is not so hot, but it may be the repairs needed) you can cut down on carrying time and money.

I made an offer last week on a Triplex that had 50+ DOM with no price cuts.

If they are your friends (or not), don't cut them any slack with regard to late rent payments.

You'd need a disbursement agreement with the seller not to withdraw funds unless there is a default, in such event it could cut you out of your signture authority.

If your shopping around and getting into a bidding war your going to cut your own throat...

The best thing to do is cut those losses asap and figure out a way to get the money flowing again.