The location is excellent.These buildings are made with 2 x 4's / 4x4's and have trussed roofs.

And basically said the original contract (which was done and ready but never sent) still stood if he wanted to reconsider.

But the manager stood by his appraisers decision.

The two numbers that stood out to me as needing closer attention are cap ex and vacancy.

@Ben Backman, here is a link that speaks of the "self sufficiency test" regarding 3-4plexes:-http://www.trulia.com/voices/Home_Buying/FHA_loan_...The two main points that stood out to me are 1. ..."

I think Alex and his reputation is the most important piece and he has stood behind his product even when he didn't have to.  

On one listing stood out to me as it had a CoC of 13% using the following breakdownVacancy - 8%Repairs - 5% as the property was recently rehabbed, but still probably too lowCapEx - 12%Insurance - $50/month (entirely spitballed)As it is a SFR, I anticipated the tenet would pay for garbage, electric, etc.

No, no one forced me to ask for additional help with financing the $25K, I came to you asking because I know the importance of having a mentor in general and could definitely use one in this new endeavor (sidebar I never heard back from Financal Pathways after giving my info and leaving them a message to see when things stood-all before my post) But for $25K from someone that is struggling as is and in most instances robbing Peter to pay Paul and telling Uncle Sam at the same time, here's a little to keep you satisfied until.

I have stood by too long coming up with every excuse in the book about why I shouldn't invest; or telling myself that it is simply not a good time to invest.

Another company stood me up last week and I am in a time crunch now.thanksEric