Has this person submitted an application because my qualifications are strict and a lot of time the person doesn’t meet the basics so the esa doesn’t even come into play.  

Either way he could do really well with $3-4M to play with.

Guess we’ll wait and see how it plays out.

They do have a 7-Day free trial if you want to play around with it. 

So will have to get a loan and be creative with the seller's carry to make it work then bump rents and I should get around a 2.6 DSCR but yes I could play with it a million ways.

Now, don't get me wrong Minneapolis has other stupidity going on right now that in my book makes it dumb to play in right now.

Let’s play a game of true or false.  

They are 100% appreciation plays, that’s where the wealth is.

If they are, then the lender is playing middleman between you, Title, and the actual investor/wholesale lender who is underwriting the loan.

Not a fan of D.C. multi family right now prices are high with rates very hard to cash flow and unless you are playing in the 1.5mil+ you are in at best borderline neighborhood’s & also competing against a ton of newer apartments in most cases.