That would almost always be from the same lender who has a 1st AND 2nd on the property and they are just fed up with the owner and are taking the opportunity to get out of a bad situation entirely.Sorry, it's complex enough that it isn't a 15 minute class.

Consider using DSCR loans- Cash flow of the property is considered in lieu of your income3.Consider purchasing in a different asset class (Large multifamily) where borrowing will be a function o fthe property income, not yours

I would say maybe Class C if I could label it such. 

I agree with you@Jay Hinrichs that short term view is a quick way to sink a boat.

While I agree a lot of $ flows thru US, its still the everyday middle class person that drives the economy.I read two interesting datapoints today:1.

I’m in the same boat with working, investing, and juggling all this with raising 2.5 year old!

But generally for the class B and class C properties you can expect cap rates of 7% to 9% in the mid west.

I can say from having taught classes on these loans that your contractor will be the biggest key to your success.

I've settled on wanting to do Commercial Real Estate Multifamily 20+ units, Class B, C in Texas or California. 

@Phillip Austin we've looked into these and it's our opinion they should only be used with Class A tenants, maybe Class B - deifinitely NOT Class C or D tenants.Several companies in this area will no longer allow S8 leases or tenants under 600 credit scores - because of the high number of claims & corresponding claim amounts.