It's a budget friendly option to some of the other services, and they have engineers on staff + audit defense, but the more expensive cost seg companies ($1500-2500) will actually do walkthroughs of your property via Facetime to more granularly estimate components of your structure. 

It sounds like an honest mistake was made years ago and most people when confronted with this type of situation are reasonable and will sign whatever is needed to correct it. 

To her it no longer makes sense to invest in Texas for just the same reasons you have mentioned.

People like Nam, and some of the old timers there are actually good at doing deals, but not to help anybody new to learn from them.

Is new construction for a reason?

I feel like the closer to the city the better investment as long as it's within a reasonable price and safe. 

I haven't totally figured out the usefulness of a recast but I actually heard of it for the first time a few weeks ago...The other thing - I don't see a huge benefit in paying off a house early...with higher rates - ok maybe.

For that reason, and because it's your first property, I'd probably recommend a duplex to start. 

For that reason 3 bedroom homes are my last choice. 

His reasons were: a) he can borrow capital improvement budget, thereby not diluting LP returns and b) he could not underwrite yield maintenance.He continued to imply that his business model will remain short term holds (under 5 years) so this debt works for him and is better than fixed rate.My question to this community: would you still be willing to invest with an operator taking out floating rate debt in today's world?