Jeff,I've purchased multiple properties with them, and they have all exceeded my expectations for a turnkey rental purchase. 

Your cash flow numbers are really tight You may want to increase down payment to get more cash flow on your new acquisition In my last acquisitions in Memphis I bought at ltv50 and expect to pay them off in three years

Expect to pay anywhere between 1-4 points on a deal, depending on the property, experience and loan amount.Do you have a property under contract? 

Their costs to build went up and their expected cap rate exit price proceeds fell.

Unless this property is an absolute dump, I would expect the bank to decline your offer and instead, sell to a cash buyer.

I expect to have it filed in the next few months.

We expected that it would come back denied immediately, but it didn't.

The minimum people expect when they buy a home is a roof over their heads.

There aren't many 2 car garages in the area that are this usable (some are mostly unusable).Initial Repairs: $7-10k (mainly new paint, carpet, lower cabinets in the kitchen, glass block in basement and upstairs bathroom, updating bathroom)Expected Rent: $700/mo (probably doing Section 8)Expenses = $310/mo (based on items below).10% Property Management: $70/mo10% repairs/maintenance: $70/moRE Taxes: $35/moInsurance: $57/mo10% Cap X: $70/moI've used different real estate calculators but since they ask for the information differently I seem to be getting different numbers for my cash on cash returns and cash flow.

Zack Karp In fact that lender didn’t use the projected rent but the current one which is way lower than what we expect to get as the house will be rented by room to students.