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.

Of course, as time goes on and you continue doing a good job of feeding that mouth, your score will return to its former level if not go even higher.

-Location is a desirable part of downtown right near eateries, shopping, and a major college campus.

I have negative net worth so nothing real valuable to protect in a lawsuit at the moment :) At some point I will get more serious with that as my financials should finally start swinging up as I go through my 30s here (college debt can be brutal!)

I don't know if that's due to the market leveling out or other investors sucking all the air out of the room, but it actually made me contemplate listing the properties for a flip, but I really want to build a portfolio, not become a rehabber, so I have to fight that urge.I sent you my email via private message here on BP.

We are trying to build our wealth and eventually, put 3 kids through college!

How much they sell for in different levels of condition.This is a process you will be repeating every time you buy a home in any neighborhood.

If not the dishwasher could be a major issue.I have lived without one but that was during college and shortly after.

Any opinion to the contrary given by anyone else will result in the accusation that "you are trying to stop competition because you're afraid we will be successful" or "everybody has to start somewhere " and they will tell each other "don't be discourage by negative thinkers". 7- the best education in real estate comes from courses given at colleges and or by realtor organizations or by CCIM.

I want to take my business to the next level.