Responding to the Attorney LetterYou don’t want to ignore it—that can invite escalation or a claim you were “unresponsive.”A short, neutral reply (preferably from you or a property manager or lawyer) is usually enough:“We are aware of the concerns raised.

@Christopher Rubio since you're new...The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

@Ryan Xiques this is some copy & paste info to help newer investors, hope you find it useful:)The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

I am looking at a few opportunities in the Midwest and the numbers seems to work, my biggest concern is some of them were built in the early 1900s.

Has high interest rates ever caused prices to come down?

I have questions or clarifications regarding their income and student loans but not sure if I am allowed to ask them in more details about this if that could cause a discrimination type of claim or not.Tenant has deferred payments on students loans and said they could prove 3x income yet their bank statement did not show me that.  

If a lender wants to enforce a Due On Sale, a Land Trust violates the DOS anyway so it is ineffective in stopping the Due On Sale call.Line 35 is always negotiable, but the seller needs enough to rent an apartment and move their belongs or they will become squatters which causes serious problems.

A couple questions/major concerns:- did you give the borrowers all of the money up front, or was this paid out in draws as work was completed?

Morgan It's hard to answer that plainly, but the fact that one of your main concerns is DTI in the future - you should be calculating the either cash flow or total interest you'd be paying with each loan to determine if the risk/reward is there for you.

When I raised my concerns, the founder accused me of "playing games."