DSCR loans remove this barrier by focusing on the property’s ability to generate rental income.

., ability to rent the property if you can't sell quickly).If you want to talk about private lending options feel free to contact me.Regards,Jackson

Without the ability to put down a deposit which rarely exceeds 5% of the purchase price how do you plan on completing the purchase? 

By presenting a competitive offer and demonstrating confidence in our ability to complete the project, we were able to close the deal successfully.

I agree though, an individual condo unit purchase in an old building without the ability to do or understand your due diligence adequately is a massive risk.

I would think that with an eviction or even the start of an eviction process that would severely negatively impact her ability to get a new lease.

The bigger concern would be your ability to refinance and make sure the property appraises for a value that allows you to refinance. that would be the risk, and if you cannot refinance, the balloon expires, the lender could foreclose on the property  

I am definitely not confident in owner's abilities to determine proper pricing.

That mortgage will tie up your credit and your VA entitlement, impacting your ability to purchase other property.

You will pay upfront points for the "risk" the banks take for not digging into the borrower's ability to pay.