Nineteen days, because the file was finished before it was submitted
A third property in Palm Desert. Nothing clever happened. The documents were complete on day one, and that is the entire story worth telling.
The rent schedule came in 17% light and the deal closed anyway
An appraised income figure well under the buyer's model took a Gatlinburg cabin below the DSCR floor. Moving from 20% down to 25% put it back over, with almost nothing to spare.
The second-home loan that was not a second home
Ten percent down and a better rate, on a loan whose occupancy affidavit the buyer could not have signed honestly. The honest product cost more up front and less over thirty years.
A 1.23 against a 1.25 floor, and two points to fix it
The file missed the minimum by two hundredths. Buying the rate down half a point moved coverage to 1.28 and cost $7,110, which was the cheapest of the three ways out.
A first rental in the Poconos, and the entity that nearly moved the closing date
The numbers were never the problem. Forming the LLC in week three instead of week one added ten days to a file that had nothing else wrong with it.