Some have more stringent geographic restrictions than others.In general, lenders base the interest rate and loan amount to the Value Ratio on the particulars of the individual deal, with interest rates currently in the 12-14% range and 3 to 5 discount points for seasoned borrowers.Inexperienced borrowers will possibly pay more.

The basics of collecting rent, enforcing policies, and doing showings gets me a discount in rent (I rent in another building owned by same owners).

The bank has no reason to offer a discount, if there's equity. 

If they won't insure for cash value they may offer a discounted rate that is cheaper than full replacement.

As such, analyze probabilities and discount your numbers to compare apples to apples :) 

The criteria I am looking for are as follows:-Licensed, and Insured in Florida-Has at least a project manager, and a foreman underneath him/her so that the actual G.C. themselves is only focused on growing their business-Is willing to do a larger volume of projects with "discounts" on their profit end of each project me we do in exchange for more projects-Understands that nothing will be paid for until the project is done.I haven't gotten much in the way of leads at the local REIA's as of now, and I need someone.  

I think you need to be sure you're starting with buying a distressed property at a discount. 

They have all been tire kickers looking to buy at a steep discount as well or folks wanting to meet for coffee and 'pick my brain' about investing.

The best is being able to buy assets at a discount. 

Bedrooms and bathroom upstairs, and living room, dining room, kitchen and laundry on first floor, and access to basement.Building needs some repair since its old, but being that its fully rented I assume there aren't any major problems or it would not have passed inspection.Mortgage on it was taken out for 118k back in Dec. 2011.City taxes are $7273 annually and school taxes are $5510 annually.For the attached building:a mortgage was taken out for $27700 back in April 2010.City taxes are $3602 annually and school taxes are $3322 annually.So I was thinking of buying both to have 6 units and a commercial space to rent out for a convenience store or something of the sort.