If you are underwriting a property do you consider that the income may actually decrease (if so by how much) or do you think worst case scenario rents are stagnate?

The rental is actually up in Apple Valley, CA so I could reach out to the real estate association up there.I am also still interested in hearing others' experiences if anyone has any to offer.

I actually purchased my first property with a hard money loan.  

Boat slips themselves and racks (which actually can qualify for 1031 exchanges with real estate) were interesting but the HOA and taxes on them made the rent necessary for rental pretty darn high.  

Does anyone know if the lenders will even consider these numbers since they aren't the actual numbers the building is running at?

This is actually my first post and would like to take the opportunity to introduce myself before diving into my question.

@Cenddie Alaban there is a lot to your post so I will try to tackle it in pieces.For the most popular loan types (FHA/Conventional/VA/USDA) these loans are actually regulated by the federal government.  

They claimed one thing, but actually delivered another.  

This is a good point and IF the tankless is actually cheaper oncevyou factor in lifespan, then yes, it would certainly make sense.

Who knows when they will actually file foreclosure.