One did tell me that if we had gotten it done after 6 months (we were a day away from missing the deadline) that they might have closed on the loan anyway if the underwriter didn't know about the deadline, but then the bank would find out real quick that they would not be able to get the loan backed by Fannie Mae, which means they would not have been able to sell it off right away as planned,  and would be stuck keeping the loan on their books.

Those that ignore the supposed obvious, will miss the facts.Joe VilleneuveREcapSystemA2REIC

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.Oh - and be sure to set up some Keyword Alerts- especially for "Plano" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

I don't want to gush over the cash flow or CoC returns and miss potential pitfalls.

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.Oh - and be sure to set up some Keyword Alerts- especially for "Powell" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

@dick @Dick Rosen somehow I totally missed your response until now - a belated thank you for your insight.

If you find a property with a coach from Carleton Sheets' company, why not post all the $'s (and other relevent info) you and them have come up with, then you will get a lot of feedback from BP members as to what you might have missed and whether or not it's a good deal, and what to look out for down the road.That should help you take action with more confidence!

That would have been an incredible missed opportunity to set myself and my family up.So even though some of the options above may not make sense.

@John O'Keeffe good to hear you work in the city, that means no excuses for missing next event!

I thought in this scenario they should be the same, but didn't want to miss something.