If you aren't geting any response from an agent and its been over 100 DOM with no signs or lockboxes chances are it was sold, or taken from our inventory.

They bought a home expecting the only cost of homeownership to be PITI and never took account for lawn maintenance, utilities, cost of upkeep, capital improvements, etc....

I know I will get others to argue that paying all cash and owning property free and clear is the "safe" way to invest, and improves cash flow, but it also eliminates the power of leverage which is one of the greatest tools in RE investing.The key is to not over-leverage and to buy correctly.

So, there's a small chance the lender might get wise and call the loan due.

I know getting any cash out above my initial investment and documented improvements on an unseasoned non owner occ prop is a chore right now (and I don't need the cash above that, but will want it when I can get it) but I know there are routes for it with solid credit (which I have) and good reserves (again which I have).

Also there's the chance that JNJ goes to $48 and I bought at $53, but if I'm thinking of buying at $58, it is still a better situation.

They keep coming back with more hang ups, like “subject property value has increased more than 5% in less than 90 days and requires a detailed breakdown of all improvements with the associated costs and may require a second full appraisal.†Does anyone have any thought or ideas on this?

On the plus side, it's in the agent's best interest to close the sale before the auction or else he looses any chance of getting paid.I can't imagine what contract you have with the agent unless you contracted with him as a buyers agent.

Lenders do not want to see lots of income that is from sources other than the rents when they value the building and determine the loan.Better to upgrade the units or other things that will improve the rental income.

As opposed to how flipping is done today, where you have to do improvements to the property in order to achieve the higher sell price.