Loan amount can be 75% LTC, 18-24 month io, maybe mini perm 5 years, rate depends, points 1-2Experience of developer team, third party vendor, excess equity of sponsors to cover cost overruns, market demand, forecasted supply, Not sure, we don't really know enough

Sometimes you've gotta bring out the big guns - why should you lose money and a new tenant due to your current tenant reneging on her moveout date? 

It will pay our entire mortgage, and with the excess cash, we can begin saving for down payment #2!

@Darren Elliott i actually ended up losing my job and then i started scrambling to get a new one so i never reached out :/ got a new job but don't have 20% down so i started trying to set up for wholesaling 

Especially if you end up charging the wrong rent, using a lease with invalid/illegal clauses, violating a law/statute, lose more to vacancy while you learn than you’d pay for the PM. 

Too low an ARV and you lose money.

You can keep it as a 3 and live in it however you want, but do not structurally alter a 3 into a 2 unless you want to lose future value and hamstring the property and pay to make the property less desirable.

Worst comes to worst and you'll lose one asset as opposed to all of them.

they also lose money on the deal, too. 

All this while paying interest to lose out on appreciation, rent and inflation.