The lower the default rates, the higher the number of lenders you have and the lower the rates they can offer.

You may wait 6 months to improve your credit to see if you could get a lower rate, but who knows where market rates will be.

You can go a short sale route, might negotiate a lower payoof or purchase the note (covered here on BP) and then have the owner give you the property, maybe with a little cash to them to boot, or wait for the foreclosure.One caution, you can approach someone who is late on payments, but once notice of foreclsoure is sent to the borrower new rules apply.

My budget is about $1300 per month and if I stay on track my number of deals this year will be higher; thus, my cost per deal will be lower.

Perhaps lowering rent by $50 would get the units rented faster.

Forclosure simply doesn't exists, since there was only 9 forclosure last year....A simple, basic SFR is over 2,000,000 USD and a good property in a good location is over 10,000,000 USD so It's completly out of reach for me and I'm looking at condos.For condos, the median price is 10000 CHF per square meter, to translate it's 1000 USD per sq ft and it's a median price, condos near the lake or in the city center are two or tree times more expensive.With theses prices, the 2% rules is completly impossible to obtain since the rent for a small condo of 300 sq ft is around 1500 USD (0.5%) per month and a 1000 sq ft condo is arround 4000 USD per month (0.4%).The only good thing is the interest rate who is incredibly low at 2.79% for 15 years for a fixed rate for exemple, another "strange" local particularity is that in Switzerland we don't really pay our mortages, ever : for fiscal reasons it's a lot more interesting to have a debt on our house so we pay a small interest rate and have a big tax reduction.Most of the experts agree that Geneva face a housing bubble, the problem is that 10 years ago they where saying that too and prices have rised by 100% since... and there is still a severe house shortage and very low credits costs so I don't really see how things could really change...I tried to look in other part of Switzerland, the price is lower but the rent goes down too so the ratio isn't really better...One possiblity would be to invest in France since the border is so close and the price theres are 40% lower and there is a lot of government helps for investors like 19% of your money back on a new house purchase if you keep a gov fixed (read low) rent for 9 years.What would you do in my situation ?

ya you want revolving credit @ 35% or lower typically, correct?

Unfortunately cold calling offices for something fairly specific might confuse the lower level employees that are often answering the phone.

Class is in session:Sandra Roddy,You want the total value and the building value.You start with the lower of your basis in the property or your FMV.You then Multiply that by (building value / total assessed value).

My market has similar numbers for the same size home and the rents are closer to $1,400-$1,500 even in the better parts of town.Homes in this price range don't normally give you the most bang for your buy and hold buck as compared to lower priced homes.