The vast amount of damage is normal wear and tear.

A signed lease alone is no longer seen as sufficient evidence.This requirement applies when the rental income is needed to qualify for the new loan's debt-to-income ratio.

The seller would have to carry a very large second mortgage and this point will stop many deals in its tracks... but it's not impossible and it would definitely work if you can get the seller to agree to carry a large second.The other high LTV scenario would also involve a hard money lender and instead of cash we can cross collateralize with other real estate you own assuming there is sufficient equity in said holdings.The challenge in this scenario would be the cost of the hard money... it may be workable on the 140 units, assuming you are getting a good enough deal on place.

In any case, the result is that the practical authority of the court is used to take assets with a questionable (or no) legal authority.The solution is to remove or vastly hinder a judge’s practical authority over your assets, so that he cannot usurp the legal process and if forced to rely on legal authority.

Lacking sufficient funds for a 20% down payment, I am exploring lenders offering 90%-100% LTC to minimize my upfront investment.

The vast majority of Americans have no idea what real struggle is like.

I do have a realtor but I'd like to be self-sufficient as much as possible, and I'm starting my realtor license course next week so soon I'll be able to look at the MLS myself which I'm looking forward to very much!

In other words, if you invest your cash in the property today and receive virtually no cashflow from it, will there be a sufficient return from just the expected appreciation over whatever investment horizon you have for this property?

So that smells fishy..The vast majority of real estate agents do not own a rental property and have very little knowledge in that field.

My goal was to get all of my paperwork together and bring it to an attorney who is also a real estate investor or an investor friendly title company and make sure that it will be sufficient for the state of NC so that I can get my hands dirty immediately.