That’s why I’m going the online route which gives me the ability to work at my pace.

I want to know what circumstances would put me in trouble with cash flow (CoC), with my ability to make loan payments (DSC), and with going underwater with the lender (LTV).Notice that cap rate is nowhere in the analysis, but know that you need to understand cap rate and how people are using it.

It would be a different issue if the seller is concerned about my ability to get the loan. 

Stating As-Is on a flip is a red flag, its your agents job to deal with buyers, you dont want to discourage anyone from making an offer who doesnt have any ability to make repairs that may be needed.

I do know it was a cash offer and the buyer did not have the ability to buy it, sounds like a wholesale operator but again, I don't know who the buyer was.I do know the seller sued the buyer, the agent was afraid she was going to be next, that was her problem. 

Some lenders even offer the ability to extend the term of the loan if needed.If you plan to buy, renovate, and rent for cash flow, you'll want to ensure you can qualify for a traditional refinance within a few months/years of taking on the project.

Question from a newbie investor...I've listened and read quite a bit on small MF units (2-4 units) and the prospect of higher cash flow and the ability to house hack sounds great to me as a beginning investor just starting out.

(keep in mind your cash has the ability to earn a return anywhere other than being buried in the property in question) I would venture to guess that the majority of investors buying properties valued above 100K with cash (no mortgage) are not making a single dime generated by the property itself.

The pro for buying now would be the ability to lock my rate and not worry about rates increasing between now and closing, and of course the lower price.   

For this reason, I did a bunch of research here and online and found a great “dumb” thermostat that simply allowed the ability to set a max limit on the temperature, regardless of what tenants actually cranked it to.