@Brian TranAppraisers value based off size (sq ft, beds, baths, garage y/n) and also condition.So if you have a 3 bed 2 bath in “C4” condition then he will compare your 3/2 to other 3/2’s in C4 condition.Condition ratings are ridiculously subjective in my experience.

You would need to analyze what type of tenant base is in the other properties and their capabilities to qualify for your project.Sometimes owners like to push the bad tenants onto other building owners.

I have found that I haven't been able to fully cover the cost of the house based on our VRBO and AirBnB listing of the property, but it has been close so I just figure my usage, which is about once a month, I am basically paying for.Here is how I analyzed what I could afford. 

Similar rental amounts, tenant base and housing stock with much lower pricing.What’s a good price range to be focusing on?

Other key mentors along the way have been a community banker, and a title company owner - all contributed to our knowledge base about the buying, lending and closing processes.If you haven't already started talking to lenders, I would recommend starting that process now.

I am a private lender financing business purpose loans for investment properties in california.I like to service my own loans as that gives me an opportunity to keep in touch with my borrowers and also turn them as my marketing agents too ( where ever i can)I am only doing about 5 loans at a time and use xls for that (interest only loans)I al looking for a recommendation for a cloud based software I could use for servicing a small pool of california loans.Please advise.

View report*This link comes directly from our calculators, based on information input by the member who posted.

So far it has been listed for a week and has 5 showings with 4 applications and I am expecting some more this next week.My final decision was based on opportunity cost.

As far as the contract goes, if he’s in breach which sounds like he is based off the way you describe it, and your contract states agreement is void if title commitment isn’t filed by day X.

Not necessarily a deal killer, but you will need to find a commercial lender willing to underwrite you based on global income, experience, etc, and you will not get a 30 year fixed rate mortgage.