As for the 30% down concern, you’re right—most commercial lenders expect 25-30% down, but there are ways to structure the deal:Seller Financing for the Gap – If you can assume the loan, the seller might finance the remaining equity portion as a second mortgage.Investor Partners – If you can structure the deal well, you might bring in a capital partner for equity in exchange for a split of profits.SBA 7(a) Loan (if applicable) – If this deal has a business component (e.g., short-term rentals or onsite management), SBA loans might allow for a lower down payment.Local or Credit Union Lenders – Sometimes, local banks or credit unions are more flexible on down payments if the deal is strong.I’ve been involved in multifamily deals and underwriting similar properties, and this one seems promising—especially with the assumable loan at that rate.

You’ll need to submit an application to the Community Development Department, undergo inspections, and comply with tenant notification and eviction rules, including providing a 90-day purchase option and relocation assistance.

Here are some warning signs I’ve come across, but I’d love to hear your experiences:1️⃣ Upfront Fees – Are application, due diligence, or "insurance" fees ever legitimate?

Recommend you have the VA do your marketing, answering calls/texts/emails, chasing down applicant documents, etc. but YOU need to finalize the screening/approval.Highly unlikely you'll be able to find & train a VA to do that part.

The conversation shifted to grandfathering all existing operators, and the new rules only apply to new applicants. 

When I attempted to add my 11th rental, they denied my application and non-renewed my umbrella policy.

The applications, screening, lease signing, and rent collection is all done there.

Makes sense, but still frustrating.How should I handle the move-out part and make my application strong enough to convince the lender?

@Michael Lyons @Sara Finley I have to agree with Sara here, because all of the really good schools are getting so many applications these days they aren't accepting out of geography applications.

You should not accept this tenant citing "Wasting my time" on the application!