"Better safe than sorry... learned that from almost fumbling a deal once, lol."
Yep, been there myself—almost lost a solid deal because I overlooked a sneaky HOA fee that wasn't clearly listed upfront. Definitely agree about verifying expenses early. But here's a question: how often do you all find lenders pushing back on your rent comps? I've had lenders get pretty nitpicky, especially lately. Seems like they're getting tougher about accepting comps if they're even slightly outdated or not super local.
Also, curious if anyone else digs into vacancy rates or factors them in upfront? I've found that lenders don't always ask directly, but knowing the area's vacancy trends has saved me from some overly optimistic assumptions. Maybe I'm just overly cautious, but I'd rather have the extra info handy than scramble later...
"Maybe I'm just overly cautious, but I'd rather have the extra info handy than scramble later..."
Nah, you're spot-on. I've had lenders push back on comps that were barely a few months old. Vacancy rates aren't always required, but knowing them upfront has saved me headaches too. Better prepared than blindsided...
You're definitely thinking ahead—smart move. I've seen deals nearly collapse because someone didn't have vacancy or market data ready. Sure, lenders can be picky, but having extra ammo in your back pocket never hurts...
Good point about being prepared, but honestly, I've seen people go overboard with data and still hit roadblocks. Had a client once who practically drowned the lender in market stats—ended up confusing things more. Sometimes simpler is better... lenders appreciate clarity too.
Had a similar experience recently—client was convinced more numbers meant better chance of approval. Ended up overwhelming everyone involved. We scaled back, focused on clear income projections and simple expense breakdowns, and suddenly things moved forward smoothly. Makes me wonder, though...is there a sweet spot between thoroughness and simplicity, or does it really depend on the lender's personality and style?
