Greetings everyone, I would like to move forward in the process of acquiring my first multi-family home however my credit is not exactly where I want it to be, I understand that the VA does not require a "minimum" credit score however most lenders do require a 620 minimum.

There are many terms that get thrown around that I don't understand the full definition of, and having a place where I could get an explanation of them all in one place would be awesome.Thank you everyone! 

I received the following email from the broker this morning, and I'm curious to understand how I need to handle this from my side with 1 week left to close. 

Understand if the business isn't distressed in any way, just like in residential real estate, you're paying top dollar and it isn't a great deal.Also be aware, owning a business is not freedom.

I understand the tenant needs to pay for that, but I'm not sure if the tenant should have to pay for all of these other fees.I understand that if the tenant doesn't pay out of their deposit, then I have to pay these fees.I have two questions:1) Is it standard for a property manager to charge all of these fees upon move out? 

I understand their motivation.

Include the plans for the trailer's demise so the underwriters and appraisers understand it's going away.  

Could you point me in the direction of any commercial lenders that I could talk with to get a better understanding? 

My understanding is that rents have grown consistently over the last several years in certain markets (such as Nashua) and there’s a lot of money looking for yield, so unless rents are overcooked or demand for rentals goes down, I don’t really see a change in the near future.Would love to hear about people’s thoughts or talk to anyone who is active in the market and willing to share their experiences.Thanks,Kyle

@Steve Vaughan  one thing for certain once people understand how safe it is to own rentals in East Wenatchee there is going to be a huge run.. no forest fires maybe a grass fire and of course some blowing dust and sand.. but other than that one of the safest places to be for any kind of negative weather events.