What made my investor interested in this deal is the lack of inventory in Folcroft.

obviously 150 doors on conventional loans for each would murder you so I assume that is the case and the 8 doors listed are just examples. at 150 doors you need to start talking to fund managers or heavy hitters in the multifamily space.

Hey Loren, Are you applying for a conventional or non qm loan?

There are buying frenzies in this area b/c of low inventory.  

I already invested in 2 properties the traditional way (conventional loans) but am realizing that money is always going to be an issue.

I am unsure how to best find a source of inventory for deals.

The other investors that I have worked with that have used the 1031 Exchange have found our proses and off market inventory very helpful in the transaction.  

It needs be a property that is livable and qualifies for conventional lending but the projects are done in stages to where it's only slightly uncomfortable residing in a construction zone.

I financed this with a conventional mortgage.

The market is tight right now, with higher interest rates, limited inventory, and high purchase prices making acquisitions challenging.