Although it is important to buy at the right price, it is also (maybe moreso) important to have some well-defined exit strategies ready to go (keep for rent, rehab and flip to owner occupant, wholesale to investor, etc).

It is an apartment that will be acquired under what would be it's appraised value - especially with higher occupancy (IMO - it is asking 900,000 and should appraise for at least 1.5 if run right and higher occupancy).

In most cases, note holder is RE group that buys/fixes/sells to investor or owner occupant and is raising cash for othe projects.

Welcome Osmund Y. to our BP world,if you sell in bulk the buyer want an huge price drop for all of the properties, if you sell it individual you will collect much more with this sale I guess.Group/Bulk sales starts normal with mostly fair to poor houses and/or low occupancy or if the properties located in same block or street.

Kiddie condo loan - I was initially hoping that I could get an FHA non-occupant co-borrower loan ("Kiddie Condo" loan) but two banks have called me back and said "we don't do this."

http://www.insurent.com/slpb_ll.shtmlquote from their website:" For landlords, the Insurent® Program is a unique no-cost method to increase occupancies, eliminate rent loss, and streamline the rental process for all parties where the prospective renter does not meet your minimum financial requirements, and needs to put up additional security, prepaid rent, or have a qualified co-signer at 75x-100x the monthly rent.The landlord accepts the Insurent® Program; the renter pays for the Insurent® Lease Guaranty.

Of course this assumes 100% occupancy and does not include maintenance.

I was talking to an owner-occupant that needs to move.

I would imagine its pretty competitive, but definitely offers High Rents with High Occupancy!

Make it more of an auction format targeted to owner occupants.. isn't that the way to establish true market value.. save 3% on seller agent fee.. and maybe another .5-1% on buyer agent fee?