The PWC Urban Land Institute published a 144 page stat nuggets of a report for emerging trends 2021.

In my experience, local banks will typically have more favorable terms BUT it is worth it so give a call / send an email to 10-15 lenders in your area (have a mix of both institutional banks and local credit unions) and ask them what kind of terms you can get given your goal.

I was concerned about that with auction.com and it took some investigating to find that when they say cash they mean no conventional bank institution. 

Those losses may likely end up in more bailouts for those financial institutions.

You can decide to invest through: seller financing transactions, land contracts, institutional notes, firsts, seconds, performers, non-performers, commercial notes, hard-money loans, and note funds, just to name a few.

Then again, you really have to consider your options - which can be largely dictated by the lending institution's criteria.Another thing to take into consideration is how you plan to manage the tenants.

@Michael Rice I need this information as part of my due diligence, since it's critical to any go/no-go decision on a deal.The last thing I want to discover on closing day that the current tenants are actually paying $100 less each month than I'd been told!  

While 2-4 unit properties have a ton of competition from owner occupants, and 50+ unit properties get all the institutional buyers, 5-50 unit properties are somewhat ignored in many markets.

After finding out that most lending institutions do not allow those circumstances.

If Biden comes out saying he totally supports "cancel rent" and institutes bad housing policy, I may have to rethink the entire business plan.