Depends on what finish your going after.

In Philadelphia.Pa, we are focusing on acquiring 2 to 5 units whose price range vary from $400 up top $1M.Outside Philly  (we are also considering out of state) we are looking for 10 to 25 units valued between  $2 to $5M.Which states do you lend?

If they were to fight in court they would find something in that contract to drag it.Your action really depends on how much you know about the previous landlords.

Condos, in general, are dependent on the financial stability of all of the owners.  

@Michael Greenberg,There are plenty of strategies; however, they most depend upon what your goal is.I would be happy to refer someone to you.

I’ve worked in varying capacities as a financial analyst, software engineering & product design instructor, & senior design engineer with growing startups to some of the biggest companies out there.

Keith Bolden , I  have not yet done any wholesale deals in CT , there are a few properties that I am currently working on getting under contract and depending on how they play out in negotiations I may fix and flip or wholesale,  what areas of CT do you concentrate on? 

But again, it's going to vary lender to lender. 

Depending on the size of your portfolio of properties, I try to place investors into programs that their insurance costs are set, and the only variable is the value of the home.

I think it depends on the lender itself but from what I have experienced banks typically like 2 yrs of tax returns showing the rental income.