You need a pre-approval letter from your lending institution. 

It will be hard to get a loan from and financial institution if you’ve got the IRS breathing down your neck!

This is exactly who most syndicators target.Then you get into family offices and institutional money, who can write $5mm+ checks.  

-My business partner lives in MA and has a holding company LLC incorporated in DE.

We focus in 12 markets in Florida, including SW FLWe are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group, Jake & Gino and more We have built over 9,000 properties and work with over 1,000 investors We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional buying side.

Too big for mom and pop investors and too small for institutional investors. 

Let me share a recent experience from the fall of 2023 that proves this point.We had an off-market single-family property under contract in Massachusetts.

Have things recently changed to wherefinancial institutions have lost their minds?

the land bank they are talking about is city owned property they took back for non payment of tax's or liens etc.. its NOT Bank/lending institution you buy the land from the city land bank they may have special programs for locals that are looking for owner occ situations.. either way if you pay cash which is how most of that is sold if not all of it.. then your credit does not matter.

I'd suggest finding the top sub-institutional brokers, building relationships with them, and letting them know what you're looking for.