Higher speeds, elevation changes, multiple ways to crash and hurt or kill yourself. 

make sure you're talking about the same terms.P&I (principle and interest) is your actual debt servicePITI (principle interest taxes insurance) is the REAL payment you make each month.P&I for a 419,000 w/14,665(3%) down @ 3% for 30 years is: $1704 PITI will be that plus $228 (the taxes your provided / 12) plus your insurance. adjust your figures accordingly, I used what you provided plus a guess on the rate

It could also be a speed of closing issue.

As long as our DSCR requirement is met we feel pretty safe about the rate risk (especially since we use commercial loans where the principal adjusts every year). 

Because this is a lean deal I am thinking about one of three things: 1) do I quantify the worst case scenario and make an adjusted offer that would let me fix what needs to be done (since I don't trust his work) or 2) we give him a few more weeks to properly repair everything with a second inspection, or 3) we walk away.

Young realtor speed-talkers that are used car salesman at best.

Greetings,Just wondering if anyone had used one of these before? Pro/Cons?  We can pay off the loan prior to the 15 year mark but not sure if they charge an early payoff penalty fee.

It reduces risk of not closing and speeds the process.

Taking the first few months to adjust and get a strong handle on what your monthly expenses will be, then utilizing a budgeting tool like mint.com or ynab.com will save you a ton of anxiety down the line.  

Welcome to BP community, hope all is well.What was my driving force was eating up audio books to speed up the gaining knowledge process, in return I would gather my questions faster for more deeper research.also all podcast/video-blogs from BP, listen to all of them until you start feeling a craving for a certain niche, then focus more on that new found hunger.recommended books:-10x Rule-Ultimate Beginner's Guide to Real Estate Investing (free from BP)-Rich Dad Poor Dad-Millionaire Real Estate Agent (known as the Red book within REA's)-Millionaire Real Estate Investor (known as the Blue book within REA's)-4 hour work week-The E Myth for Real Estate Investors-Profit FirstGood luck, you seek , you will find#keepthehustle #lifeisworthliving #notdreamingitsreality