Unless you're locking up 10 acres in a large metro where a DR Horton or KB homes might come in, thats a little less localized.

Still, I managed to lock it in for $145,000 by emphasizing how much TLC (and cash) it needed to bring it back to life.

It’s hit and miss, really need to deeply understand what they offer, if they will work for you or against you, whether they sign the lease or you (I prefer me, to reduce that lock jn). 

If anyone has any suggestions on how to deal with Baselane, the tenant or other creative options ... all ears! 

if you're in St Pete frequently you'll need to turn some of those vacation trips into work trips - networking, building a team, and trying to find a distressed property.but the trick is then going to be moving quickly if either 1) a distressed property hits the MLS (unusual, but not unheard of) or 2) a distressed property comes to you another way (from your network, from a wholesaler.)how you will move quickly enough to lock it down and buy it, if you're in RI? 

I was given an ear full about how they don't take as much care of the property as they say.

If B-E are all treated straight pro rata based on equity in that class, then I am less concerned.  

In real estate, I don't change locks, screen tenants, evict tenants, inspect properties, or finance my deals - I have property management, property inspectors, and mortgage lenders that do this for me (outsourcing).

I locked a DSCR loan yesterday at 6.385%, 75% LTV.  

Try to lock in on one market and learn it.