@Ben SyzekFor long term rentals in Colorado Springs you will need to find a deal at 50% ARV (This is very hard) or do a large down payment of 25-35%.

The seller was moving out of state and needed to sell.

Quote from @Doug Smith: When we started this company, I had been a special assets officer (handling non-performing loans for banks trying to extricate them from the deals with as little damage to them as possible) during the last big crash.

Palm Desert Real Estate Market Update for Investors 🏡💰
For real estate investors—whether you’re just getting started or already scaling your portfolio—understanding local market trends is crucial for making smart buy...

I didn’t think I would find a deal to begin before the end of the year.

@Chelsea DiLuzio the Midwest markets are way different than the markets out west!

A professional manager can find qualified tenants who respect your home and handle day-to-day issues.

Quote from @Timothy Fortin: Hey Bigger Pockets - I'm looking for some advice on how to provide comps to a hard money lender for 2 townhomes I'm building in New Hanover County, NC. 

I look forward to fostering a growth in knowledge, understanding, and connection by utilizing the tools and resources provided through bigger pockets.Thank you for your time,Brian Luter

How did you find this deal and how did you negotiate it?