Even at my scale the reserve has never run dry in 20 years and that's with O(100) clients.

With an LTV, it's pretty cut and dry, but there are many ways you can calculate DTI, so I think it's going to cause a stir.

What if you are mid-flip and the market drops 10% or rates increase and the buyer pool dries up? 

Remove floor; mop subfloor with water/bleach mix, let dry, 2 coats of Kiltz, 2 coats of poly sealant.

Tenants include dog groomer, record shop,  women's consignment,  hair salon, and daycare. 

I use low cost Home Depot vinyl laminate everywhere if sub-floors are smoothI use low cost Lowes wood laminate in dry areas if sub-floors are not completely smooth.Best, Terrell

However, the financing dried up on those in the early 2000s.

More complex deals can certainly take longer, but the cut and dry ones where its just multifamily sales are fairly straightforward if the seller is adequately prepared and has the information readily available.  

The market has simply dried up. 

However there is often horse hair in it or even human hair!