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In my experience, deferred maintenance is very common.

Just had one close wherein he departed a 4/2 for a 2/1 after breaking up with his fiance whom he had previously intended to make babies with.It's a matter of a) it being true and accurate (since the underwriter could ask you to document your claims in some way) and b) quality packaging and presentation on the loan originator's part. 

I was not present for the sale because I live in Europe, so I was told that certain gaps would be filled in by my representative after I signed the documents, but this particular line was the responsibility of the title company to fill in. 

I will say that for lenders, if you're going to meet one it helps if you have a deal you've done that you can talk about with them, or a specific deal you're considering - or at least some examples of what you're looking for, and the more specific the better.Basically, the more that you can show that you're serious, either by having a track record or by being able to talk intelligently about the kind of project you'd potentially ask them to lend on, the more seriously they'll take you as a potential borrower.It's not unlike a startup seeking funding from an angel investor, there's a whole psychology to it as far as showing that you have some knowledge and presenting it as a safe lending opportunity for them without coming across as "needing" the money because any hint of desperation will turn off a lender or investor quickly.BP has some great resources on this, you could search Bigger Pockets Raising Private Money or something like that.

I really enjoyed your presentation last week major gems dropped.

But, given the building was built in 1982 and not 1890 - I don't expect knob & tube or some of the other hazards presented in the older Lehigh (Allentown) properties)Maintenance: $4600/year (Representing 5% of gross rent per month)CAPEX: We plan to keep the first year's worth of net rent in the operating account to care for CAPEX expenses. 

I would set up a meeting to walk the property (1.5 hours), then come back and work up a quote (3 hrs min) then drive out and meet the prospective client to present bid (1.5 hr). 

I suspect the markup would not be very high, given the roughed-in status, but I want to present something that is fair, but also not leave $ on the table.Thanks in advance for any guidance.

I am very new to real estate on my own, but I have been around the residential rental game my whole life since my parents own 19 properties, one of which is commercial. First question is, would apartment buildings be ...