Can you dig into a little more on the novation, why did the seller pick that strategy say over a cash offer?

We are woking to by the park back so that our residents can stay in their home and not have to worry about having to go to a retirement or old folks home.All of you that disagree go dig in someone else's pockets.

Those who make that mistake almost never dig themselves out.

Quote from @Matthew Cook: Dig into those comps with a realtor doing business in that market.

never heard of them, I would do some internet digging on them to get the scoop.

I know it’s going to take a lot of digging and possibly building my own pipeline for off-market leads to make this strategy viable long-term.

If you really want to dig deep, pretend to be a renter and schedule a walk-through.

I just haven’t had much experience with underwriting those types of properties, so I’ll definitely need to dig into that more.If you have any advice or resources for underwriting smaller multifamily deals, I’d love to hear about it.

Thank you.While I am lending exact direction, you will need to dig a bit more on the statutes, to gain full comprehension of the statutes in reference your question.     

Agree with @Brandon Croucier on this one, its an underwriting guideline that you would need to dig into before you get too far.