All our wholesale deals have consisted of cash buyers so this would be the first time for us.  

#AskBP Hello brandonMy partner and I have $ 1million+ to invest in the Metro New York/Long Island area.

I have now real estate LLC licensed to do business only in Rhode Island and closed on one condo last month and looking forward for buying my first townhouse next month.

My first and only rental consists of a property in a great area that didn't take hardly any work to get rented. 

For financial reasons most lenders will do a 2 unit as residential and a commercial unit would consist of 5 or more units.

Loosing one bid every once in a while is not all that big of a deal, loosing out consistently is a problem.

Once they show consistent income (two years)  most lenders should look at it no different then the money you make at work. 

My top 3 struggles are:1) Deal flow - developing consistent access/visibiilty to quality B & C class multifamily opportunities in DFW, Atlanta, and Phoenix where the numbers make sense2) Broker relationships - developing relationships with brokers who understand the investor's mindset/values and share quality opportunities with their clients3) Capital - gaining access to additional pools of patient/permanent capital to invest in quality B & C class multifamily opportunities 

Moreover, you may not get consistency in cash flow, so would you be able to stomach that risk?

Having read many other forum posts on this topic (particularly as it relates to my home area of Raleigh), I definitely appreciate the consistent advice from experienced investors that the best approach is to drive neighborhoods and do your own due diligence to build a list.