@Bruce LynnThanks so much for the advice, if not able to open with IberiaBank by Tuesday will move on and try again with Wells Fargo and the other local ones...

But the guy wanted a 6,000 deposit on the property for which he wanted $ 60,000 I explained to him that I would be wholesaling the property finding him a cash buyer which he agreed to, this kind of took me for a loop and I was not able to execute in a timely manner so deal fell thru.

New to BiggerPockets, I have wanted to be a real estate investor since the 1980's but was not able to get started until now at age 60.

But I decided to finally take the giant leap forward to make this my full time profession.

This whole site is like a giant mentor, willing to help out anytime for free.

Currently I am part of a limited real estate partnership which is doing quite well but am not able to learn much or derive enough to be able to go ahead and do it for myself.

.------------- @Joel OwensIs it normal for that kind of discrepancy in cap rates in a city (It isn't a giant city)?

Several of our loans were not owned by Fannie Mae, and we were not able to refinance those.After that, we went with option #3 and found a local portfolio lender.

I assume condition of house is not that bad, i am not able to inspect the house personally.I'm thinking of selling @ $70000Tax Assessed value: $ 138,610Similar Comps: $90-130kThis property is at a rural area & average days on market are much higher than 90 days.http://www.zillow.com/homedetails/1307-Drake-Rd-Elberton-GA-30635/105245506_zpid/My question is what price would it be to be attractive for non-conventional loan buyers?

My concern is the if one of them wants to move out, rest of two may not able to afford the rent.