I do like the agent in question as an agent, but I definitely feel his PM structure violates that latter point.By the way, do you guys think charging $50 for the lease is also standard?

@Ram Su the issue with AM Fam and SF is they each have their own unique policies that are not standard to the rest of the marektplace. 

Standard requirements are 90% occupancy for 3 months, a 1:1 net worth to loan request, and 10% of the loan amount in liquidity.

I don't know much about that market but I have worst situation here in my neck of the woods, so I would say 8% cap with 11% COC is much better, but then you have to weigh in other factors and see if you can either increase the COC by lowering cost or increasing NOI thru some value add.

They should be able to give you a second opinion, which will be more focused on structural integrity and code standards. 

If you can take a reduction today, I can buy the house before it goes to foreclosure and you save the foreclosure expenses and risk of it going to the city if it doesn't sell.They might be more interested if you want to increase the tax value, for example if you want to build a house on it.Otherwise you have to wait until it goes through foreclosure and you never know when that will be and at what price. 

I focus on small MF buildings (5-50 units) and the standard loan for these assets is something like a 5/20 or 5/25 with 70% LTV at an X% rate. 

Although more costly than a window air unit, mini-split units are much more energy efficient which will save money over the life of the unit.Advantages- More energy efficient than other cooling options leading to increased savings over time.- Offer higher level of functionality like timers and sleep functions to allow you to customize your desired temperature settings.- The loudest parts of the unit are located outside making mini splits quieter and .- More secure than window air conditioners not only regarding intruders but also dust and pests.- Many units are designed to both heat and cool allowing for year-round comfort.I hope help you my comment, or to anyone.

My payment increased $1200 per month.

But, buy, but ,but but....each to their own.You can not increase cash flow with cash.