Auction.com does not set the reserve, and what you thought was overpriced was just a really bad reserve set by a bank trying a better return. 

There are various reasons the project may not qualify for financing:  owner occupancy percentage, one individual owns more than 10% of the units, the community is involved in some sort of litigation (usually construction defect), or the HOA finances are bad (underfunded reserves).  

You guys have definitely cleared up some of the issues I had, but have also given me a lot more to think about as well.I was obv thinking of a 401(k) to lower apparently was is my MAGI, but apparently there are other options that may be better, so I will def take a look at the article you mentioned Brandon. 

Thank you for your feedback guys.

I Harv found some amazing guys that do awesome work and I have found those few that I will never use again.

Hey guy, I am looking to sell an office building in New Jersey for someone.

I'm not really involved in that aspect of it, so I'd hesitate to endorse any particular company because I can't actually speak to how good/bad any particular company is.Google searching "Loan Servicing TitleCompanyName" is a place to start. 

Do any of you guys have a easier process or can point me in the right direction on what yal do to analyze deals?

Was the process of acquiring the property a bad experience or has it been bad since you have bought it? 

Any reason that's logical in any other transaction doesn't mean its a bad or negative property.