That would explain the contrarian take for Denver.  

Instead of accepting the limited but important benefit or arresting blight, they tried to accomplish their laundry list of PC objectives, overloaded the programs, and they failed.

Normally, owners have significant others that they have to explain why a low price.  

Unfortunately, while their objectives are pretty good, the main problem I see at this point is that you have individuals on the board or that have become mayor and think that because they hold this position of administration that it somehow provides them the knowledge to make real estate development decisions.  

I explain the the property is available, but only by assignment.

Did not disclose it on the initial application because it was not completed yet, and as we all know things can happen right up until the last minute before closing new loans, so I wasn' t going to say I had those loans when I really didn't.Fast forward to today, Refi/HELOC closed, underwriters on investment property noticed HELOC lien in MERS so they asked for a letter of clarification regarding the lien and why did not initially disclose, I wrote a letter explaining what I just said and so far no issues (*knocks on wood*)My situation had more time between them than yours do, giving the underwriters enough time to make sure it checks out without delaying the process.

Should have simply stated that finding one that will cash flow has been tough, and left out the "trying" part since it really isn't my primary objective. 

It would be worth your while to go into the office and explain what you see and ask how they would review it.As for the furnace, you should definitely build that into your price.  

As she explained it, if you go to an attorney wanting to file a lawsuit against someone, the first thing your attorney will do is contact the defendant's attorney and find out if the defendant has sufficient assets to make it worthwhile and how hard it will be to get at those assets.

Also most of us learned some interesting things about how Korean real estate is different than what we are used to dealing with Thanks to @Jacob Michaels and his wife Victoria with helping to explain the differences.Interesting facts about Korean Real Estate (mentioned by different people in the group)* Insurance is not a major concern for investors in Korea* When signing a housing contract, a tenant or owner can add in stipulations re: who's responsible for paying for what* Only 20,000 Licensed Hotel Rooms in Seoul - Indicates a shortage of rooms* Korean real estate prices seem to be at 7-8 year cyclical low* After earnest money has been placed by the buyer(at least 10%), an owner must repay 2x's the earnest money if he wants to back out of the deal We will be planning another meetup for early December.