I worked with an insurance broker in the past, but I found that his quotes were not the lowest, and it was impossible to get a hold of anyone in his office when I needed something or had questions.

Was just reading all the Post about how impossible it was to do a deal for 33 Unit complex, and one Post caught my eye.  

But it's not impossible. 

@David Zheng You know that's kind of impossible to answer really depending on condition, rental rates, etc...but I'll play, my assumption is the condo building would be worth more because it is more likely owner occupied and have a HOA and what not.

A 40% cap rate is impossible in the real world.  

These are in  a rural area and cheap so getting bank financing was impossible (not to mention they won't loan when there is a mobile home involved.) 

Oregon and California are both non-judicial foreclosure states however as Scott said it will be hard (not impossible) to find a deal out here.  

Even with taking that into account, i believe it is almost impossible to get 1% in the north jersey area.  

This is impossible where I live in nyc, so I'm wondering where is a better place to do this with $50-75k in cash.Fyi, I already have experience with out of state buy and hold (including out of state rehabs on these houses).

I love that part because frankly, it's only getting exercised if Armageddon happens and it'd be impossible to sell it but with just three months notice, we're out free and clear of everything.