Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty. 

This would be the most work for me but I know where to go and putting in the leg work to get sturdy, luxury cabinets and finishes at auction and discount will be a big part of the strategy.

In my experience, the best rates and terms for home equity products are from credit unions.

Even at a conservative 8% cap rate the building is worth around $1.625M.

Interest rates are really high compared to those of recent years.

Due to TCPA enforcement, my response rates on Launch Control and other texting platforms dropped dramatically.

Are they looking to pay STR rates?

Property is cash flowing and we have long term fixed rate debt.All good.

First, I would comp out what the going rate is for a 5/2 SFR in the same area where the subject property is in. 

In essence, it represents the maximum rent that CMHA is willing to pay for a particular property.Renting to CMHA tenants can indeed offer potential upsides, such as higher rents compared to market rates in some cases, as CMHA may be willing to pay above-market rates to ensure tenants have access to suitable housing.