Seeing as you are planning to take a mortgage out, the bank would likely require you to get a full replacement policy which costs even more.

Whether it's working for a mortgage broker, lender, bank, etc...Thank you guys so much!

I had to reach out the PM(by email of course because reaching a live person is IMPOSSIBLE) I was told that apparently the tenant had an issue with their bank and would come in that evening with a money order(which they never did).

Through bank to bank, western union , Money gram transaction.How did you add value to the deal?

The zone valve could be inop and would explain why its cold on both sides of the valve.

We do thorough research but don't bank of gentrification to help us succeed.

although only banks redline.. we just funded our first deal in Spokane yesterday so will see how it goes.. i did a flip there about 11 years ago did not go that well.. but the guy we had in charge was not experienced enough as it turned out. team now we have is uber experienced.

As someone that has worked both sides I'm constantly amazed at the margin that is built into most of the large banks/online lenders.

The bank is going to loan based off the projected income so the higher the rent, the better the appraisal!

Most conventional banks won't give money for repairs though.