This is a tricky time to purchase but there are some benefits - i.e. low interest rates, properties sitting on the market due to COVID, and anticipated high rental demand since FHA has tightened up lending requirements.We haven't seen much of a decline in rental inquiries for the apartments we are listing.

Hey, assuming all the terms you stated were correct I think that the lender is likely a private bank that has really tightened their lending guidelines.

Depends on the State Regulations. 6.Seller SecondsThis is a mortgage issued by the seller to the buyer that is placed in a subordinate or second position to an existing first mortgage from a conventional lender; seller second can be a great incentive to buyers; can help them purchase by putting down less cash-leveraging their assets; second mortgages typically carry a higher interest rate than first mortgages, an advantage for the seller over other investment options; a seller second can open new opportunities for buyers in markets where conventional lenders are tightening their loan to value guidelines and buyers need a way to close the resulting financing gap; lenders who want to limit their exposure may agree to a "Combined Loan to Value" guideline that supports a seller second; seller seconds may help buyers reduce their conventional loan needs below the PMI (private mortgage insurance) level, saving significant dollars per month; seller seconds can also help in larger purchases, reducing the amount buyers would need to borrow conventionally, bringing their remaining loan requirement within reduced rate "jumbo" loan territory; some conventional loans prohibit secondary financing; second loans not disclosed to conventional lenders are illegal.sellers granting a second loan must file a lien on the property. 7.Lease with Option and Lease PurchaseA lease with option to purchase is an agreement that the leasing party can buy (or not buy) the property at lease end for an agreed price; a lease purchase agreement, the leasing party commits to purchasing the property immediately at lease end; the owner agrees to apply a portion of the monthly rent payment toward either the buyer's down payment or closing costs at time of purchase.

@Masa MoromisatoShorten the distance, if you need you have cash now, a MF syndication can be a good outlet it would mitigate your need to get financing, banks right now will only tighten the belt in the coming months, you have a high risk for just buying 1 or 2 houses for cash, depending on the markets you looking at it will dictate if you buying for cash flow or appreciation (Midwest Is a good consistent cash flow machine with limited value volotility)If you are looking for a steady return a syndication deal may be an excellent avenue and all you to build back some strength in lending and capital in the mean time.PM me any further questions

Investors are holding off on rehab projects because if contractors cannot finish the job (due to a mandatory shelter in place etc. or tightening of restrictions by local govt) then the project is 40% finished at a standstill, which is NOT a good situation.

Our broker has told us the umbrella market has tightened considerably due to poor loss experiences for residential and all of her client's umbrella premiums have gone up.   

Lending might tighten up (especially commercial/portfolio loans, i.e. if you are buying the properties in an entity), and might need to sell it at a loss if you can't refinance the hard money loan after rehab and tenanting. 

I checked in with my lender when all this started and he told me that during the last recession banks started tightening the screws big time on HELOCs and a lot of them were shut down.

Well, Banks have started tightening the belts on loans/Refi.

Most lenders in that space have either tightened up their guidelines or stopped closing loans altogether.