However if you buy a place that is already non-warrantable, you may get a great deal.This was just a few thought, but really dig into the pros and cons of condos so you fully under stand the risks and the rewards that come with them.

I demand quite a bit, and I am happily rewarded with it. ;)Trust me- you get one bad tenant/issue and that 5 hours is going to mean all the difference.

What would be fair from a risk and reward standpoint?

Most carriers reward brand new electrical pretty well right now.

Once you have a track record you'll be perceived as a lower risk borrower and be rewarded with lower rates, lower fees, and higher leverage. 

The flip side is that some will even "reward" you for having a low DTI where they may not require reserves at all.  

It is all a game of probabilities and risk reward balance.

3rd time is a charm on these tags.......

We built Shep of southern Charm his new house on 45 Aiken.. that is one great market for those with wherewhithal to actually do business.I just closed on 881 Ashley that a wholesaler brought me.. it was a cluster.. but we got it done. if you ride by it you will see its just been demo'd brand new 650k home going up.  !!!

This is a business with it's own unique challenges and difficulties, but seems to be ultimately rewarding, as you mentioned in your last post.Glad to hear that you expect to come out on top!