Use the credit card for all business needs and pay it off at the end of each month (I only recommend this if you are extremely responsible with handling money).

If they see anything that may cause them concern make sure you can explain why its there or what happened.

You're not going to get everyone on board, because they're not concerned, for the most part.

Let us pretend it will appraise at $500k (an extremely high number for sake of conversation).

Not saying appraisers are intentionally inaccurate (though there have been incidents of that), but that its impossible to know which of multiple available comps truly represent the market.I'd be extremely leery if a seller says "here's an appraisal that justifies my price".

It is based on CLOSED SALES so there should be a great deal of accuracy.I once took an appraisal class at a RE school, it was of some value to me, but not enough that I would recommend it for everyone.all cashI'm concerned about a deal I may make in the future, on a building I currently rent from my uncle.

In short, I can't just cross my fingers and HOPE they won't call the notes due without some addional assurances because if they did, the consequences could be devastating.I've heard people say that the bank would be foolish to call in a performing loan, but I also think that in todays climate they are more concerned with maintaining solvency than maximizing profit.JMac

Palus Hook is a beautiful brown stone type of neighborhood however it is extremely high priced.

If you are "just" concerned with not being shut down by P&I, then local custom dictates.

My only real concern is that the broker's lack of responsiveness is a result of him having his own plans for the house.