Buying condo direct from developer and rent it?

[Mike R.]

Hello All,

I own and live in a condo building in an urban area with strong rental market.  2 Units in the same building are owned by the developer (there were never sold to individual owners, just held by the developer).  I believe i can buy them and rent them for a net profit (assuming the price is right obviously).   these units are not listed for sale and i believe they are vacant (at least 1 is for sure).  

I am wondering a few things:

1)  Any advice for cold calling the developer and expressing interest in making an offer?

2)  Provided the price is right and both units can swing a profit...I'd love to buy them both and rent them both but i only have enough cash for down payment for one.  Any advice for finding other financing or working with a bank that can provide financing?

3)  This is a newer construction building (less than 10 years old).  This is also my first time doing anything like this.

Thank you very much!