And yes you can move the market with just $1M.

I would say you should start off by just meeting multi-family investor-friendly agents who can help get you started with 5 units search and work on finding you off-market ones as well Thanks Kerlous!

I have two long term rental units now (6 years) and just exited a short term rental last year due to a good off market offer.  

One unit is remodeled and empty and the other is not and has tenants paying way under fair market value ($700). 

Hey guys,  Im thinking of shifting my traditional checking/saving account and mortgage to a manulife one account which my broker has suggested so I can be ready to pounce on a house and properly conduct the yellow letter direct marketing offering cash when they want it. 

I find it strange that no one has if it's allowed, but if you are first to market, you are essentially the guinea pig.

If you do not qualify, you would then look into if you would qualify with renting your departing residence. 75% of the lease will be used to offset that departing residence mortgage. as you mentioned the timing of renting the place can absolutely be tricky so you would hope you do not have to do this.Finally, and I guess would be sorta of a trick, but we do bridge loans on occasion in this case IF you can qualify once you get the property rented at market value even if debt to income ratio is too high before it is rented.

@Cosmo DePinto The Huntsville market is tough right now.  

This means having to take a chance and take the property off the market for 2 weeksOption 2- Accept the offer with a provision that allows you to continue to market the property, knowing that there's a chance FHA may not fund the deal. 

Which ones will still deliver in a down market?