Well, it appears that I may have spoken prematurely. We met with the mortgage broker yesterday and it appears financing will be impossible to obtain. I shouldn't say impossible because there is always a crooked way to do things, but the wall we are up against looks rather solid and insurmountable. It all boils down to PMI. Apparently, we don't qualify for it, and the bank won't lend us the money without it. In order to qualify, we are short about 1200 a month in revenue.
It was suggested that we furnish documents substantiating the shortfall. The kind of suggestion with a wink and a nod. It felt kind of dirty, like talking to the car salesman.
So I find myself this morning downloading payroll software to fabricate pay stubs. And I don't like it one bit. (Just kidding, I would never do anything illegal.)
I'm also coming back to the conclusion that capitalism works great, if you've already made it. The fact is that it works against you as long as you are small potatoes. Whoever ends up with this property will need to be "richer" than us, and they are going to laugh all the way to the bank.
Then again, maybe we are greedy pigs. We already have the one building, perhaps the universe is telling us to content ourselves with that.
But what would Donald Trump do?