Complete your profile with information on your experience, goals, what you look to add to (and gain from) the BP community.

If you go to my profile and scroll to the bottom to my recent forum activity, you can click on my recent post and read the replies I received so far.

They are even featured in articles, have been profiled and interviewed in the local media outlets, look really good online etc. and have a reputation around town as being highly successful because they have been busy buying a lot of units and making themselves look successful even while doing what I would consider very bad deals.It's smoke and mirrors. 

You are likely blending PMLs with HMLs here, most PMLs lend on a relationship basis and most HMLs underwrite the credit profile and risk of a deal. 

This is the profile of the  owner occupant buyer who buy the most entry level homes in most markets.

I’ll provide an overview of the situation and my thoughts/attempts on how to structure the deal.Owner: He is in his 70s, payed off asset, appreciates the return profile of his property but is no longer interested in the management and hassle aspects.Details: Before I even asked, he mentioned that he isn’t sure where he stands in terms of depreciation and is somewhat concerned about the tax implications of selling.My initial approach to discussing creative financing: Me: "Have you heard of or would you consider seller financing?

I do believe in mentoring (of course, my profile says I mentor).

New construction has a very different risk profile from buying existing properties and fixing them up. 

I'm not even considering a deal if its not in the specific market that meets my requirements for demographics and psychographic profiling. - Then the next filter is physical property attributes with regard to its placement in the market, entrances, and exits, visibility etc

However, sellers currently on the market are more likely to accept lower offers, giving us some room for negotiation.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents held steady from September to October, bucking the seasonal trend.