I'm guessing national or regional banks don't really do that?

I wholesale and buy rentals in this region. 

Ideally, you'll want to see average 90% occupancy across the board, otherwise you'll be relegated to regional bank and credit union lenders that require (i) recourse, (ii) deposit requirements at close, (iii) slightly higher rates, (iv) lower amortization, and (v) less interest only [if cash flow is a priority for you]. 

It would be great to discuss opportunities and projects in both of our regions.

Very selective process, and geographical regions- but this is an AMAZING tool for some people. 

I'm talking 2023-fwd, you may have done 11 in the last year but you're rates are high and you're vulnerable to any vacancy or capex.

The reason I like the southeast is that I feel there's population growth in that region and long-term trends of people moving there, not because it's where I live or prefer to be personally although there are parts of the southeast I do certainly love and enjoy.You don't need an operating loss to get tax benefits with depreciation and mortgage interest writeoffs, I'm not sure why someone would ever take on an operating loss for tax benefits, that makes no sense.

Especially if you can provide information on the syndication he's trying to organize, this could have regional/national implications.

The past year, I've learned market tenants in sub 100k regions are a pain in the ***.

They didn't make a fuss over the due-on-sale clause because they valued the relationship and the steady cash flow.From what I've heard, smaller regional lenders or credit unions are sometimes more open to these kinds of creative financing strategies.