Slightly increased the offer to quickly go under contract, but still had inspections and everything done before completing the deal.

Quote from @Brandon Croucier: Financing a commercial MF that runs as an STR is possible.Appraising a property based on the income is not, whos to say a buyer would STR the property. 

With rates and lending terms constantly changing, I’d love to hear from those who have recently closed or explored a blanket loan.Which lenders are offering solid terms right now?

Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).

With the capital and experience to offer I've seen this work well as a joint venture.

I’m an investor and the owner of a property management company based in Kokomo, with portfolios extending into the Indianapolis area.

In my post I was just trying to offer another perspective.

Willing to go the extra mile here based on the numbers.Thanks!!

Most lending is based on cashflow, not the 2% rule (although still a good rule of thumb for some types of investments), might have the most help from the group if you provided some of those details here just so it'd be easier for us to help you best. 

They are asking $375K but not getting it - so not quite $20k underwater from asking but they're offers so far are around $350k and lower.