Some lenders will take 50% of the rental income and add it to your annual income and then include the full carrying costs of the new mortgage into your debt.Other lenders will use what is called an 80% rental offset.

If he can carry a second small mortgage and you have the bulk in cash, just listen. 

Bottom line its investor trust and faith in your ability to operate that carries the day

It took weeks for us to work through pages of approval requirements and get this lender comfortable with the team we had put together to carry the development forward.The other critical piece to the funding equation was to assemble a team of investors capable of supplying the 20% in equity financing ($1.8M).

Anyone have any tips or trips in carrying out a deal from start to finish?

Those that said yes, and maybe today, said that the policy may potentially cover it depending upon the details of the allegation.To your point about E&O and professional liability; Sure, E&O and Professional liability coverage should be purchased and carried by real estate professionals.

Were such a newbie that you just dove straight into the deal that looked like gold from your "youtube academy" research?

It's not how many times we stumble that matter, it's  how many times we dust ourselves off and carry on. 

Originally posted by @Jeff Gold:@Joshua Janus.

"There's gold in them there hills".