I recently opened a HELOC and I recall it's at prime for the first year (7.5% currently), and I only paid minimal closing costs.PML or HML I would expect rates >10%, plus points, possible prepayment penalties etc.

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing. 

@Shere Daniels What does your current investing business look like?

You can most likely still get a loan but it would be a low LTV and higher rate, especially with little income some SS. 

The current owners are putting the moral dilemma on the new owners and still want full market value.

Most banks don't really know how to do that because they cater to SFH owner-occupants. 

We've done demos with all of the big name PMS options and are finding big gaps with all of them, mostly when it comes to payment processing.

That being said, there is a rather diverse property and tenant mix within Allentown, like there is in most cities. 

There's current fire fighting and there's clean up.

Prices are currently high, so we’re looking to educate ourselves on how to find a good deal.