One of the lending institutions just told me that for investment properties they need 20% down and 6 months mtg payments in reserve.

I have tried a few of the local credit unions and smaller institutions to no avail (15 and 20 yrs are most common).

Should the initiative pass in November, cities and counties would be allowed to change existing laws, or adopt new ordinances without any restrictions.

You should have notified them HOW it was kept (interest bearing or not), as well as the name of the institution and address.

The large corps / institutional investors behind those buildings don't have flexibility on price due to their construction costs,   while anybody who has held a building for even 5 years around here can if necessary reduce rents a bit to keep things occupied if necessary and stay in the black.  

If you only have a few POHs you want to get rid of that may fit the bill too instead of rent credit, which is fairly management heavy to institute.

I think I may steal this and adopt this into my plan

I couldn't find an adopted opinion on this specific topic and I believe this is because the 'dry closing' is understood to be a career ending move if performed by a closing attorney (see NCGS 45A-4).

looking for suggestions into various avenues that can be explored pertaining too creative financing options on my first two properties, besides the obvious ( fam/friends borrowing , normal banking institutions) suggestions, info, strategies etc to point me in a direction, the leg work researching or exploring ... im fully prepared too do. id like too obtain both residential properties at the same time. location areas are 75068 ( Frisco , Little elm, The Colony areas) thanks ahead

The industry still seems to have giant holes in my estimation that are keeping quality sponsors from adopting the new laws in earnest.