It's simply an indication of whether or not a property should cash flow or not. 

He is trying not to change our pricing, but indicated that eventually we may have to start thinking of pricing for investment property loans as following the demand for non-agency bonds. 

Monthly Barnstable county indicators or individual town statistics are also available if anyone wants them, just post the towns and I am happy to upload.

Sewage inspection indicated that there are some cracks, pipe separation where two pipes connect, etc, but nothing very serious. 

They shouldn't be priced more than comps because comps indicates same style (flipped and ready), so there is no need to pay for a turnkey property if you can buy another one, not through a turnkey company, that is sitting on the market flipped and ready.

I don't see anything in your post that indicates the listing agent did something wrong.

For example; if the annual debt service is $100k on a property and the net operating income is $125k; it indicates the NOI covers the debt service 1.25 times or typically shown as 1.25x.

As far as banks are concerned I always like local banks because they understand your local market and sometimes offer flexible draw periods.I’m not sure if you are indicating you’re aware of the HELOC payment strategy by manipulating the simple interest, but it is basically putting your HELOC on steroids to help you pay it down quicker and build equity faster.

Here are some of the questions we ask when evaluating a land note (in addition to the  normal questions regarding sales price, down payment, terms, buyer, payment history, etc):Property Description: Residential, Recreational, Commercial, Other Size: Lot Size or Amount ofAcreageCompleted Improvements (indicate all that apply) Road Paving Curbs Sidewalks Well or Public Water Sewer or Septic Fencing Outbuildings Permits Other Zoning and Allowed UseHighest and Best UseDescribe the Subdivision, if applicableAge of SubdivisionTotal Number of LotsLots SoldLots ImprovedStructures Built What makes this property marketable?

It's thriving and the recent rate increases due to LLPA fee's on Fannie Loans and huge jumps in real estate value are a pretty big indicator of real estate investing being very hot and growing.