I’m looking for advice on what lenders to use and also advice on how to approach a hard money lender.

Hello BP,We are approaching a contract on 8 units in 3 houses built between 1890 and 1900.

Again, with that in mind, partnering with just a couple other like minded individuals with similar investment amounts and you’re talking a significant type of a property that could easily justify sufficient cash flow to take a more hands off/pressure off approach.

Let's assume cash flow is low-to-none.AFAIK:The main advantage of bulking up: More properties --> more gain if there's high appreciationThe main advantage of sprinting: Less money spent on interest payments (about 3.5x less), which also means higher equity gaining ratio.Everywhere I look, people are saying that you should *always* go for the 30y approach.

It is an incredible resource! 

@Chris Mason I really do love that approach.

Is purchase option the best approach?

The appraiser had a hard time finding sale sales comparables because only 2, 4 plexes sold within the last year in the area. so he did a sales comparable approach (which came out lower than the purchase price) and an income comparable approach (which came out 30k higher than purchase price).

The appraiser had a hard time finding sale sales comparables because only 2, 4 plexes sold within the last year in the area. so he did a sales comparable approach (which came out lower than the purchase price) and an income comparable approach (which came out 30k higher than purchase price).

I like their approach, because investors focus on what sells; they don’t have to deal with sometimes overly-critical owner occupants.The rehab will kick off next week.