Lower-Priced Neighborhoods: For properties built post-1970, consider focusing on the C+ or B- neighborhoods in OKC.

I want to explore if I can use this property to raise funds, economically under Reg D 506(b) using custom STO token and pay the Bank.Any ideas!

thats my  though  as this sounds like a great deal in more ways than just storage facility income vis a vi using the other building to anchor your new build bizz

Ive done A/B testing to see if going through my mortgage broker, or going directly to the bank would produce a better result.

@Sharon McCants Yup around the 100-150k/unit mark can get you into a solid B area here that'll hit the 1% rule in most cases.

@Chris Kittle make sure you understand the Class of the property, so you can use appropriate vacancy + tenant nonperformance percentages.We recommend:Class A 5%Class B 10%Class C 20%Of course, we base this on our Metro Detroit market, so you may want to validate for the market for this property.

I have someone applying to my property, and they are here in the US on a work Visa.

For your strategy to work you have to focus on markets where there are strong indicators the C neighborhood can transition into a B neighborhood.

And (B) it's a beautiful setup for big probability of snagging it post default, be it from the regional bank who financed it or whoever J.P. has entertaining liquidations when they take over asset's of the regional lender. 

I frequently speak with folks who are finding out that:A: They have a partial claimB: The partial claim amount is astronomically higher than expectedC: HUD failed to record their lien (not as common as A and B) and then was forced to pursue the homeowner after a saleSince FHA has been basically pushing everyone they can into a loan mod per "Covid mortgage rescue" plans, these will be an ongoing issue for many years to come.