I know of one fund that has no seasoning required, but they normally like appraisals to confirm value.

Please keep us in mind whenever any of your clients are purchasing property and need funding.

We are shooting for 3x income, but might settle for as low as 2x, if the person seems like a good candidate.

In a low-inventory seller's market, it is a good thing to have a counteroffer like this especially since you're describing a high-demand area in Tampa.

Quote from @Anthony Lowe: Hi all, looking for advice on a few different topics.

Purchased various sheriff auctions, short sale, and just low balling.

@Seo Hui Han, in a high interest/low cap rate environment debt kills commercial deals. 

You do want to be careful though, as in a perfect scenario, you'd BRRRR the rental and when you refi, pull all your cash out to pay off your HELOC until you find the next deal.Challenge is that it's not as easy to do this as it was 2-3 years ago when low interest rates could cover mistakes.PM us if you'd like to chat about more specifics:)

If it sounds too good to be true, it probably is: If firms are offering unusually low fees or unrealistic savings, be wary.Lack of transparency: Firms should be open about their qualifications, pricing and processes.

Appreciation there is low, rents are low, and assuming maintenance as a fixed cost (for example, a hot water heater costs $450 from Lowes in Allentown, $450 from Lowes in Scranton, installation takes the same time, and labor costs aren't all that different), the ROI isn't great.