As such, the only "deals" typically require extensive renovation, because anything that is purely surface level retail buyers will likely outbid you.  

I've used VA, Fannie, FHA , a commercial lender and they required extensive docs. my bank statement loans, DSCR, and Seller finance didn't require that much docs. 

The only damages you mentioned is the grass, so, it will be a tough stretch to blame the PM.

You must occupy the residence within 60 days of closing and live in it as your primary residence for 12 months before renting out other units.Do this several times and you will have 3-4 performing (hopefully) 4 plexs (or tri or duplex) and then you can look at doing STRs.It would create a great base for you to work towards early retirement. 

I agree that 4 was a stretch to put in there, but that isn't the article's point.

It went from 85% purchase price covered to 65% even after the deal had been analyzed by them extensively prior.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

In previous crashes, the market out performed class a whereas now, it is initially out performing A, but many economists are for casting a quick recovery for A while B and C take a few years to rebound fully. i think new buyers have to require a higher going in cap to protect themselves.

When the fed was hounding them to call my LOC they would not do it I was on 90 day extensions for 3 years while I crawled back..

.- Investment Lock-Up: While there’s a chance your funds could be tied up for a bit, if the property is well-designed and in a desirable area, you might see appreciation that allows for refinancing sooner than you think.Buying an existing property:- Less Risk: Existing properties come with a track record, so you can analyze their performance and potential more easily.