I know conventional lending could become an issue depending on the condition of the property.

Prioritize stable cash flow, good location, and manageable property condition, while considering strategies like gradual rent increases, expense reduction, and value-add improvements to enhance returns.

Appreciation, maintenance, neighborhood, eviction rate, proximity, condition, etc.

Plus, multifamily properties often qualify for owner-occupied financing options with lower interest rates and down payments.As for timing, here are a few things to consider:Market Conditions: Keep an eye on local market trends.

  ( I keep 30 tons on hand before each storm ) We are sending trucks and men out in terrible conditions for long periods of time , at all hours of the day .

I doubt any respectable lender will consider a property without electricity and missing breakers as "working" as the property is not habitable in this condition.

It isn't just the condition of the property but ownership situations like this.

I too am an AHP, AHPS funder and looked into a preREO on their site offered for $19k which they provided a $90k BPO in current AS-IS condition.

Condition, pictures, any financials they can provide.  

It was only purchased about a year ago and is in really good condition and fits the space really well.