Also seems like a lot of MF sells occupied with tenants in place so you just have to comfortable with that and contracting up from and seeing inside after contracting.    1st step is to find a great lender and get pre-approved for a loan so you know what your budget is. 

What's more, there's a lot of variation in the fixtures and other bells and whistles (like you might see in the luxury market in the US), so prices are all over.    

I have also spoken to a commercial lender and Elite sounds a lot better.

The location hasn't had a lot of demand which has made it challenging for him to find an end buyer. 

@Greg P.There are a lot of unknowns in your proposition.  

Sometimes, we tax professionals can save you a lot of money or save you from a major problem.

Also, a lot of sellers might be more willing to finance the down payment if they know you're committed and have a clear plan for the property.

I know DR Horton and Lennar are still building a lot, but they seem to be building smaller communities.

We discussed RE a lot, but not these subjects.

The 60% LTV is based on the ARV, and that is why practicing calculating the ARV is an important skill that can be learned over time and with a lot of practice.