I wasn't sure on some of the numbers since we're not technically buying this property, that part is already done.

Freddie/Fannie issues come up as well, primarily when PMI is involved, so you need to stay up to date on PMI guidelines if doing short term flips, many of them have NO WAY in 90 days rule, and 90-180 days a 2 Appraisal rule, and it doesnt stop at the PMI company, some Lenders have their own internal set of guidelines on this, so one bank may be able to do it and another cant using the same secondary financing, the funny part is most loan officers have no clue what you are talking about when you try to cove this on the front end.

For some, the benefits of conduit loans are offset by complex loan documents, high closing costs, market-based pricing that is subject to change prior to loan closing due to adverse market conditions, and loan servicing that is oftentimes handled by a party other than the originating lender.CMBS activity has picked up since its reemergence in 2012, but CMBS lenders have recently found multifamily loans to be difficult to win due to other available lending alternatives.

Learn why they are selling and what the seller NEEDS, to create a WIN-WIN Situation for all parties.

Works great for me - most important part is if you do go this route, it will require a big time commitment to get everything set up (I'd assume it would with any software you choose to use) however once you get through the set up and familiarize yourself with it, your life will get a lot easier.

( A well written (skinny) contract, all the right protection clauses and honest disclosures... automatic extensions.)This business has so many moving parts, seller personalities, dealing with relatives and third party know-it-alls, the estate, seller's agents or lawyers --- be prepared to deal with these gate keepers! 

I like @Rick's response - - UNLESS you are a party to the transaction (for clarity, the buyer OR the seller) you'll only muddy the water and if you were involved as a contractor at any capacity, you can easily get your name sullied needlessly. 

The parties involved have 10 days to file an objection to the sale before a certificate of title is issued.  

An individual in a long term care nursing facility is likely to have diminished capacity.A little detective work may lead you to the facility, but that may not be helpful as laws will interfere with facility revealing if your party resides in their facility.You might find your owner but not be wise to get your purchase docs signed by this person. 

Although I stay away from the low income properties for the most part I know a lot of the guys in that space and could maybe give you some recommendations.