Some markets are overheated with the cap rates for multifamily for sure.There is talk down the road of people with buying these low caps having a multifamily bubble pop.I can see institutions buying brand new class A stuff to outpace inflation but not everyday investors.I wouldn't feel comfortable buying at that low of a spread.Glad you sold it.

A recent move by some large institutions to manage the problem in some markets with experiments with fixing and renting properties is an attempt to minimize loss.

Once you find one to talk to, you can ask for referrals for other institutions in your area.

"misleading a federally-insured lending institution" is a fairly common term in indictments that send people to club "fed" for a few years.

Class A.....Newer, Institutional Grade 2.

You cannot discriminate against "Protected Classes" Source of income is not a federally protected class. the federally protected classes are: race, color, national origin, religion, sex, familial status or handicapHowever some states or counties have instituted additional Protected Classes.

Yes, you need to show bank statements (or some other financial institution like a brokerage account) showing sufficient cash reserves. 401K accounts can be used, too, though there is a discount factor to account for taxes and penalties.

A mortgage broker who really understands investor lending can be a big help, too.The FDIC Institution Directory can be handy, too.

It was my understanding (as someone not in the financial industry) that financial institutions did not have to write down current mortgages the same way they had to write down those late or in default.

Institutional sellers (HUD, banks, etc.) are unlikely to do options at all and are hip to the "weasel clauses" you suggested.