I've had this happen before when I inquired about an agent that was more in tune with "investors".

I took down the numbers on the signs, and I'm planning to call and inquire about the houses tomorrow.

Inquiring minds want to know!

Ultimately, I just don't want to see you get ripped off, so the first thing I'd do is inquire more into the LOC. 

Account Closed  My apologies in that I am not very knowledgable on the topic you are inquiring about, however I do know that BP has a great resource within the tools feature with several shared files including contracts and other helpful docs. 

Having said that, can't hurt to inquire about the story line surrounding the seller's situation.Market vacancy on apartments around there is probably about 3% -- it's a stone's throw from Manhattan and right near both buses and ferry service.

It is possible the underwriter will see the payment coming out of your bank statements in subsequent months and inquire about it....but that isn't likely to occur.  

THat's how he is and how he got to where he is...Anyway the woman who wrote the post had inquired about a DIYer getting funded by a RECF.  

The place has been rehabbed nicely, we currently have one tenant and need one more.We have received tons of calls and emails inquiring.

If you already have a lender inquire with them first.