The seller has considered seller financing with 20% since this is a paid off property.

I had a unique perspective of how these two industries working together.While performing an inspection on a house, I got to chat with the seller and found he was a commercial construction superintendent for a large local company.

Buy the property with seller finance & finish it up.Tahoe is a great short rental area

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

Speaking with the seller's agent, all the tenants are current on rents and pay rents on time.

Depending on the seller, you may sweeten the deal, by letting them know that they don't immediately need to cash out, or can partly cash out.

Most likely because the residential market is a $12T market and my guess the amount loans sold via UPB on subto is less than $100M a year.

After winning the bid I had to provide 5% of the price as earnest money within 1 day of the seller countersigning the contract.

Those are some very different markets you listed.

Hi all, I am familiarizing myself with at the Albequerque market and wondering whether any local investors can shed some perspective on overall property values relative to rents in the area.