Not sure how much this will cost.3) There are 2 Federal Pacific Panels that I need to take out and replace ~$2500.4)  It looks like someone did a shoddy job with the sump pump, so I'll need to get that checked and repaired.  

We have a local lender that does not have a maximum number of loans that they will provide to a single entity, but they do have a federally regulated maximum lending limit.  

Like someone else mentioned though the escrow balances are ALWAYS yours, and it is federally regulated.

If there are any outstanding loans from the federal government they will have to be paid prior to ownership.

All have recently had work done to them within the last 5-6 years maybe. 26 out of 30 of them are occupied. 20 of those 30 is federally funded (section 8) tenants.

And consider that right there- that lenders are charging 5% on origination, processing, underwriting and points to keep the rate under federal APR limits.

Hello BP World,I am new multi-family real estate entrepreneur in the Seattle, WA area (Federal Way).

I do have a break lease clause, but when it was mentioned, that is when he said due to federal regulations, he cannot be held liable.

Originally posted by @Chris Majors:..............The other scenario, which I am leaning towards is to sell to an owner occupant with a wraparound mortgage.I could increase my cash-flow substantially, get a decent down payment, sell for a higher financed price, charge a much higher interest rate, and enjoy less management headaches.If I sold on a wrap I could sell for $39,900$5,000 down (tax refund time soon :)$34,900 amortized for 15 years @ 12.75% Interest = $435.84/month PI And, you may be in violation of federal law.

I am currently working in the federal sector being a military veteran, I am still looking to find my road to success.