Technically this isn't a refinance, right? 

It's technically not seller financing, which means you have 100% equity.

Hey All,I have a background in Civil Engineering working for around 40 years doing land development, floodplains, and waste management work, among other things.

Technically, the developer doesn't need a license to pull permits, but the builders who they hire to do the construction do need a Builders License.  

Background checks, credit checks, evictions, etc. and I'd look at how long they've been in business by looking up their LLC (if applicable) on the SOS website.

- Tenant application and screening reports, background check, etc- Unit walkthroughs- Inspection by quality inspectorFew questions I have are, whats your thoughts on:  1) Rent estoppal letters from tenents? 

Have a hospitality background after starting and owning my own restaurant and this combines my desire for real estate wealth with my background.

Then I explain my process in brief and simple terms: background check, lease agreement, collect deposits and ask if they'd like to proceed.

As always, proper screening and background checks are crucial. 

I do have a Commercial Fix and Flip Program that will provide cash for the acquisition and to Rehab the property.Once it's stabilize we can secure Permanent Financing and take out the bridge loan.Multifamily has, by far, the most interest in CRE Financing world, if it's a good enough deal we can get you the financing but I refuse to make bogus promises about what is and is not possible.If you DO NOT have the cash to put down on the property there a few creative financing avenues which may be possible if you have a motivated seller that is willing to work with you on terms.The 68% occupied property would be most fit for creative financing because there is clearly something going on there with the current owner.You can look at a master lease with an option to buy or doing a wrap combined with a seller second... the only thing is that the seller is highly unlikely to accept those scenarios.Now... there is one "highly unlikely to happen" scenario where you could technically get 100% financing but, again, the seller would have to be out of his mind to say yes.It entails a Hard Money FIRST MORTGAGE of less than 50% of the "Quick Sale" value as determine by a BPO... this would serve as your down payment.