It's hard to negotiate EMD down because then it gives the appearance that you're not a serious buyer.

More info on what goes into DSCR rates and overall program details:DSCR loans won't use your income to underwrite the loan.

Financing was streamlined through Partner Driven’s program, covering both the $50,000 purchase price and the $35,000 renovation budget.

There are a ton of illegal basement apartments all around Hudson County--maybe 10-15 years ago there was a program (at least in Union City) where many of these apartments were made legal, I think partly as a way for the city to generate revenue, and partly as a way for the city to have some oversight, since people were renting these apartments out regardless of their legality. 

I do have a program that can close on a blanket loan in multiple states - they do tend to like to cap that at 10-12 properties or $1MM in loan amount per blanket loan.

I recommend The Multifamily Mastery Program.

Then if at the end of whatever time you have agreed upon, if the tenant still has not left, you can get the Execution to move them out.There are programs out there that may assist the low income tenant with first last and security as well as some moving expenses at a new apartment.

For example, you go to a high property tax state like Texas and you may find a property that appears to fit the 1% rule but once you factor in the $500/month property taxes and $100/month insurance your potential cash flow has gone up in smoke.

I know long time right but I would go to real estate events, REIA meetings so on and so forth, but they wouldn't give you all the information needed only bite sizes so you could purchase their costly programs.

From alot of investors on the forums, Orlando appears to be a saturated market with more barriers to entry in order to have a performing property in that area.