It is tough to balance the need for revenue vs. the need to engage with the community.John Corey

The owner/occupant pays into an escrow account, the escrow agent pays out the payment on the 1st and sends you (the WRAP lender) the balance as payment on the 2nd.

White balance can be tricky inside a house where you have different colors and lighting types.

absolutely keep shopping banks..in fact, i was in a local bank today meeting a commercial lender...he was telling me about a new investor who makes 200k a year and has perfect credit..the guy wanted to buy an apartment building, but he was overpaying by a long shot..the banker lent the money anyways, figuring the buyer has the capital to back the loan and sustain the loss...different banks look for different things..some focus more on property first then guarantor second..some focus on balance sheet first, then experience..yada yada...find another bank :)

I haven't borrowed and balance sheet CRE money since '08....but isn't HUD money still the only long-term CRE money out there for NOO product?

It was a natural event... everything is balancing itself out now, band aids will not speed up the process. it will be over when its over, and highly highly doubt it will be over before then.

If there is a surplus the tenant is given the choice to     a) apply the surplus balance toward the next month's rent;   b) leave the balance in the utilities budget in anticipation of larger utilities bills (i.e. winter is approaching); or   c) refund the balance to the tenant (this option is only available at the end of lease, if there are no other outstanding debts owed to the landlord.If there is a shortfall in the Utilities budget account - happens very infrequently as we have a pretty good handle on the operating costs of our properties and set the monthly contribution accordingly - the tenants are invoiced and the amount is due at the first of the next month.

I am aware of the basics where I can take a loan up to 50% of the vested balance with a maximum of $50,000.

The property is in West Pullman neighborhood. 3 BD, 2 BA and the loan balance is only 27,000.

I think you could make a million as an agent, though there are a lot of expenses, and few net a million.I think a mix of buy and hold and fix and flip can provide the balance of current income and long term wealth.Listen to my BP Podcast #82, I've had some years with seven figure paydays, but unfortunately not every year.