These guys are advertising less points but then in the end their points are truly right around 3. 10% and 3 points is actually not bad for hard money.

They failed to see that our companies mainline was novelty hats, and seemed to  think we were just badly dressed men!

Rents at $1000-1200 per monthNow, the deal - I’m offering $150K without seeing the top unit yet, no idea how bad it is.

I've also had no trouble with shopping around even with other loans in progress (and I would definitely do this any time a lender throws a last-minute monkey wrench at a deal- this is extremely bad form on their part for any reason. )I've had great results with Mike Morgan at UFCU on Patton Avenue.

Getting out of a bad partnership can oftentimes be more challenging than getting out of a bad marriage.Good luck in your future investing & education!  

There's a lot of good areas and an equal number of bad areas. 

Bad situation, however you would have to prove the previous owner was negligent.

The owner (or his kids) brushed off the termite tunnels and sprayed w/ a home termite spray, but the house was never fully treated. 

The safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by invoice.Note: The cost for the Unit of Property includes additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.Eg:A purchases 100 printers at $500 each for a total cost of $500,000 as indicated by the invoice.

Any input you may have as to why this may be a good/bad idea etc. is always appreciated.