I'm a wholesaler new to Las Cruces and learning more about the city everyday.The military and college student presence in Las Cruces is strong.There is a ton of small multifamily properties (for the size of the city)I'm very optimistic about this market.

So my last idea is to sell the property back to the bank - The bank cannot foreclose on the house due to husband's military SCRA protections.

That will help you remove what’s left on credit and make room to use portfolio/standard or DSCR.When you are not using a local bank or credit union you are going to have to pay the typical origination fee's or points.

I don't like the credit unions for the most part any more. 

Then, started a family and became a union carpenter.

A stance similar to militaries stance of staying apolitical.     

👋 Uncle Mike  here and I’ve proudly served our country as a military veteran.

Now the Panama Canal drought is not allowing as many shipments to come thru to the East cost.Steel prices are not dropping like the oil and lumber in previous charts due to both transportation issues, China taking longer to open up after Covid and Port Unions on strike or slow downs.There is pent up demand for steel thus it will not drop as fast.  

Waukegan is 5 minutes from a huge Naval base so there's usually no shortage of military families to rent to.

I am exclusively dealing with Section 8 and military tenants.