We have been researching the market extensively since moving here in July as well as networking with others in the area.

I just read the BRRRR Book and it had a list, and if I remember correctly "Rental Property Investing" by Brandon Turner had a really extensive list.

Does your lender have provisions for extension?

It was simple, it said in every day language what I wanted, and what they needed. all the other stuff was negotiated and hand written to the satisfaction to all.I made more changes in my contract that was PRO-ME as an investor; A full profit disclosure was inserted,(this is a protective statement that made it clear what the meeting of minds were between buyer and seller just in case there is ever a legal issue) Delaying clauses (this is an insurance clause against running out of time to settle or failure to assign or sell), A release/non commitment contingency, (a clause that lets me out of a contract ethically if I am unable to assign my contract) Marketing hybrid, rights with cooperative expenses',(this is an informal profit sharing with the seller or estate) Automatic time extension, (creating more time when needed, a protective clause that can save deals when necessary to use)Knowledge of market value is important, so I created a national real estate comparable and information service, named IURealist This is a great service that helps me our friends find needed comp information on properties.

I just finished the Michael Blank course, and I’m no where near an expert or even credible because of it, but I’ve definitely learned that although you don’t need to be a genius to conduct a syndication, you do need to work your tail off and be knowledgeable.

I have very extensive maintenance but, I am in hot market so turnovers are fast.That being said...it has been my experience that their are two types of investors, those that are great at the financing/accounting/deals and those that are great at the maintenance/day-to-day operation.

Standard sort of structure is 10% - 14% monthly interest only payments, charging 2 - 4 points at closing, and doing it on a 12 month term with two extensions of 3-6 months available (for 1-3 points each time). 

This old gal has great bones and the previous owner, a concrete contractor, had done extensive modernization including; lifting the building and installing a new concrete foundation, new 1 1/4" copper water service, new electrical services and branch circuits throughout, new siding, new windows, etc.

My question is how does this factor into the evaluation process conducted by a lender prior to issuance of a conventional mortgage that is strictly an investment property?

The defendants filed for an extension to the move out date, which the judge denied.