Hi James,Yes, there are still hard money lenders that offer gap loans with straightforward underwriting and competitive origination fees, but they are becoming harder to find.

Newer building has seen huge increases in insurance in the past years because of the collapse of the Champlain Towers and hurricanes, but that is over and there is more competition now in the market: I have already seen the cost of insurance going down -8% in the negotiation for 2025 in one building where I sit in the HOA. 

I assume you are referring to 3.5% and 5% down,Well the 96.5% LTV FHA Product is great, it typically offers more competitive rates than the 95% LTV Conventional product.However there are stricter requirements on the property for an FHA product.Speak with a broker who knows what they are doing and they will point you in the right direction.Neither of these products will qualify for 5+ Units however, stick to 1-4 units.

This is particularly important in competitive markets where speed can be a key factor.Risk Management: While there is certainly risk with any form of financing, careful management and choosing the right lender can mitigate these risks.

No issues, 65-70% of LTV without any US credit on DSCR Programs.If he has significant down payment, pricing will be extremely competitive.

That means that a building doesn't get built and there are less rental units available, further increasing competition.

It is true that when you buy in a competitive market you won’t get to perform as much due diligence, and you will need to rely on experience, wisdom, and honed processes.

The fact that there's a ton of competition and similar products in the same location actually puts downward pressure on rates! 

Prepare for competitive offers by getting pre-approved, having a proof of funds letter, and being flexible.

I would say we’re more in the Olympics of investing right now where you have to have a competitive advantage and you have to be an expert in order to win.