@Tayvion Payton to get a better understanding of the loan products, it's best to have a conversation with a commercial loan officer at a local community bank or credit union.On commercial, the number one rule is a deal meeting their DSCR loan covenant, which is typically 1.2 to 1.25. 

I had a very pleasant phone conversation with Bob (SVP of Praxis) a few days ago and his knowledge and approach was aligned with how I operate.

I’d love to hear more about your strategies and how we might work together.Looking forward to the conversation!

I always start out with a process of responding back by phone or email and getting a quick conversation to let them know my process.

@Dan Grove I would like to know how this conversation turned out.It seems you have a lender willing to do 70-80% and be in 1st position. 

I look at foreclosures.comOut of the 3 stages I am definitely not ready for an auctionpreclosure / short sales:- I need to research how to take over a deed / title- need to prepare how to do door knocking (I have a sales background and feel confident in dealing with an emotional conversation about someone’s home) - there IS a window of like 4 weeks that I need to prepare for (have my finances in order) to then bid before it goes to auction?

Then tell us the nature of your remaining questions and concerns as to each remaining aspect, so people can have intelligent, focused, SHORT, conversations with you on each issue you present. 

Regardless, the initial conversations need to be had with attorney's to get their input and the SEC needs to be made aware of the situation along with the involvement of parties that have already been convicted of defrauding investors! 

It goes both ways....let's carry on talking about RE investing and keep the personal conversations elsewhere.

About year 2010 it was purchased by the present owner and in conversations, he knew about it but did nothing.