Due to to small location wouldn't necessarily bet on cap rate compression. 

Quote from @Nathan Gesner: Quote from @Nathan Sherwood: Thanks and that makes sense (and is similar process to some of our other units)The issue is we would like documented verification that the tank has gone below the established threshold (ie 10%). 

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Your only chance there is to speak to the owner directly to see if they can assign the mortgage or you can take over subject-to to avoid them getting the foreclosure on their record for 10 years. or just send a check to the bank for the balance due, I'm sure they wont mind this at all lol

Creatively is a must but we are hear to to help people understand the scope of what they are doing.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Also you need to ( to get the best deals ) be cash.  

Alternatively there are also asset based lenders that do not require DSCR calculation or income verification, that can be less costly than hard money, and fully amortizing.

And bear in mind that you will have to to the rest of the interior as well.

I have several deals I'm putting together with houses under contract that are below market and will cash flow when closed on.Doing Due Diligence and I wanted to see what experience you guys had with this lender. I app...