If I can't make a cash on cash retrun of 20% or greater, I likely do not have a deal.As others stated, if anything went wrong, you could have lossed money.

I use a PDF editor program which allows me to add my initials and signature as many times and on as many pages of the PDF as needed and it looks just like as if I printed, scanned, and emailed back so they really can't tell the difference.

Especially with the loss of rent revenue they experience due to nonpayment of rent by the tenants that weren't screened properly.

I know we will all loose with the loss of his technological vision.

Is he in the HAFA short sale program.

This isn't a real estate course, the program offers funding from private lenders including rehab monies.

Greg it will depend on the portfolio of the bank and how many performing versus non - performing assets on the books.The bank might not want to refi that type of product with too much of that type of asset class non-performing on the books already.They might have too much defaulted commercial all together.For value add plays typically occupancy is an issue.The lenders will want certain occupancy levels obtained for at least 3 months depending on loan type and typically stabilized for 6 months to a year or longer.If you buy an apartment building at say 50% occupancy using a hard money lender or private money and the going vacancy rate is an average of 10% then the lender wants 90% occupancy averaged out over time.When you refi you will only be able to go up to a certain percentage to cash out or can just convert with no cash out to the lower interest rate.Regular banks do not lend usually on sub par occupancy levels for the area.They see it as too risky and the say 60% occupancy can quickly go to 30 or 40% and they have a foreclosure or short sale on their hands taking a loss,plus inspection reports,attorney fees,appraisal and environmental review etc.

With 20 properties, I suspect you’ve been suspending passive losses.

I would also be interested in purchasing other investment properties but starting with the homestead would be a good start.I have found some great programs for resident physicians who have secured residency positions but I am about 7 months away from being in this position.

There is a legitimate business plan behind this but it would be prudent to seek the advice of an attorney and to investigate any cases that arose around the other organizations that have previously implemented such a program.