Alternatively, discussing the actions we are taking is good dialogue.Just giving you some background on the nature of the replies from regular contributors to the forums.

I see potential challenge.

You're at the 2% rule which is good......my concern is if it's a $20,000 property it is definitely in an "F" area so you may have some challenges regarding keeping good tenants, collecting rent....etc. 

Build relationships with these people and your network and it will naturally lead to opportunities to learn the business.

I challenge you to try and find something positive out of the dozens of his customers that have shared their horror stories. 

I love my day job, from the client interactions to the challenge of finding solutions to business problems.

Without going into all the details, this was extremely challenging to get to the closing table, but we finally did. 

This is human nature.

My problem is since I am in the military a "local bank" is about 3 years at any given location, then I move on like the nomad I am, so this would be challenging but nevertheless I see the wisdom in relationships and not chasing loans.

In the one I am working through now MassHealth has a lien on the property which is more complicated as the house is being purchased at a deep discount due to the distressed nature of the home.I don’t think this instance need be overly complicated if there are no liens.