Locally my observation is that the need is more for low income young and working vs college student.

We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc. 

Low or No House IdentityPeople want to take pride in where they live.

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).

The collateral matters.Jay, I only wish pricing was that low. 

DSCR loans are not that low and regular hard money loans will be in the double digits.

THe lender is a credit union and it is a conventional low rate loan.

It may feel cumbersome, but their diligence reflects the level of security and service you can expect once onboarded.

The following is not to express any level of happiness/unhappiness with build or process. 

You lose because there are many other suckers out there falling for the same line and sharing the same low-quality leads that don't translate into sales.Do the math.