I recognize not all markets are the same, but if there is any market like San Diego, the equity pay down is nearly irrelevant.  

They aren't 100% for sure, but show clear and practical value everyone recognizes. 

So identify the market that is less recognized.  

You are now better positioned to recognize real estate that has those critical characteristics. 

Officer recognized the make, model and within 2 years the year.4.

In addition, as a PMC we deal with nonprofessional owners that NEVER read their contracts and feel like they can do whatever they want with their property(s) :(So, PMCs need language in their contracts that protect their rights and force other professionals to also recognize those rights.One last note, unfortunately, it's not uncommon for a listing agent to try to strong-arm an existing PMC and throw them under the bus for anything & everything in their ruthless pursuit for a sales commission. 

Just recognize you will need to carry for a year.     

For your own good, recognize what it is, and just say "NO!"

The other category is property where information is readily available - but there exist other factors not recognized or incorrectly recognized by the investing public.

Hopefully you realize your role in this mistake and recognize it is not fair to expect the broker to make you whole.I once had 7 refi and one purchase close on the same day.