@Jesse S.I have a portfolio of 10 small multi-family properties here in Brooklyn where the center point is Prospect Park.More specifically, I own properties in Ditmas Park, Windsor Terrace, Clinton Hill and Bed-Stuy.Additionally, all 10 properties are between 2 to 4 Units, NONE are Rent Controlled or Rent Stabilized, and all have two or more Partners.The first property we bought was in 1997 in Ditmas Park.The last we bought we bought was in 2018 in Bed-Stuy right near the A-Train at Nostrand Ave stop.Acquisitions are on hold mainly because of very uncertain, unfriendly to Landlord politics.This past June, a suite of Renter Friendly laws were passed.Most of the changes strengthened the laws that were already here in NYC for Rent Controlled and stablized apts.However, other parts of the law affects every single rental, including non-regulated apts in the State of NY.

Has your loan officer told you any specific things that you can do to strengthen your credit profile?

It's been a long battle to strengthen the city's core, and the battle continues.

We got about 3-4 to respond with knowledge of the basement flooding to strengthen our case. 

If you're in a C-Class investment with no experience as a landlord and no reserve set aside to deal with disasters, I would tell you to buckle in and strengthen your position by building a reserve, educating yourself on landlord tenant law, building policies and procedures 4 difficult situations, etc.

I was just hoping to possibly create and strengthen relationships.As you can tell by the inquistive nature of this post, I was not sure of how I should handle this ambitious/foolish idea I had.  

So, before structuring an offer, understand the props ARV.Also, assisting her with the sell, move, and transition will strengthen your offer greatly.

That is a healthy option price and it will strengthen your contract considerably.

Rent the 1st and if you've done your homework and have a property that rents for a reasonable rate -- which is the goal -- then that income strengthens your financial position for your next 'owner occupied' purchase.  

What I recommend is for you to go to a mortgage broker and ask him to check to see if you can get pre-approved for a mortgage and if you don't get approved, Ask him what you need to do strengthen your credit so you can get approved.Hope this Helps