If you do go the condo route, you would ideally want to find a building that is Fannie Mae approved.

From what i understood is I need to build relationships with bunch of multifamily lenders to see if they offer pocket listing. 

reaction.A $500K building should be bringing in $5k/mo. (1 percent rule)If is bringing in $3700/mo total then it is either under rented and the rents need to come up, the building is over priced, or it is simply a bad deal. 

Sharing the concern about freezing it is fine; its all about building a relationship, getting buy in vs. rules.

We build trust and improve our chances of finishing the deal by assuring sellers of a smooth closing process and showing our commitment with large deposits.

The assessed value is then multiplied by the millage for the county, city, and district that the property is in to determine the annual tax bill (divide the millage by 1000 to get 0.XXXXX, then multiply by the assessed value).

BiggerPockets has a section just for this, Under the BUILD YOUR TEAM tab- then select- MEET UPhttps://www.biggerpockets.com/forums/521This is the best way to learn from investors in Houston and what to expect on the market.

This post is my small way of advising against that and hopefully steering some people straight.There's no shame in sitting on cash, building reserves, and being patient right now.

I am planning to rent out my unit in a mixed-use building.

.- **Alternative Strategies**: Continuing with delayed lending (refinancing after repairs and tenant placement) has its merits, allowing you to build equity and stabilize cash flow property by property.Please feel free to DM me.