Perhaps look at this counter offer as a way to tie up the property and then look for the capital, rather than vice versa.

It also keeps your debt lower for DTI, gives you mortgage interest to deduct on each property (against their income), and locks you into a relatively cheap captain cost for 30 years.

I am assuming that I will need 25% down for the conventional portion of the loan and about $10K-$12K for closing ( I think) or in your experience do you think I will need to come up with a percentage of the entire purchase price vice the conventionally financed portion ?

Sometimes it seems to be giving the value for the one unit vs. the entire building or vice-versa.It also pulls from nearby sales and while there are a few in that building at $200k+ there is one for $500k too.Judging by the comps that pop up the $200k range looks to be about right.Bob  

We have also seen an increase in multigenerational housing - parents living with kids and vice versa to combat high housing costs and to save once they are ready to purchase.Inventory for multifamily is on the lower side, especially in SL county.

@Matt Katsaris My friend has a captains license and my business plan currently is set up for 6 passengers or less.

Or vice versa?

Many times, I have toured an apartment/building which had horrible reviews but was amazing IRL or vice-versa.

@Justin Mills My exit strategy is very similar to a ship captain's.

"As confidence in the housing recovery spreads, more real estate investors and would-be real estate investors are hopping on the home flipping bandwagon," said Daren Blomquist, senior vice president at RealtyTrac.