After contacting the listing agent 2 units are a month to month term and the other 2 are year long terms. 3 units are going for 1780 and one unit is going for 2480.

Traditional Banks have more rigorous approval processes, which can take weeks or even months.We are usually more flexible with loan terms and conditions and are more aggressive with leverage (higher leverage compared to banks), while banks generally have rigid loan terms and conditions that may not be as adaptable to unique investment scenarios.Private lenders are more focused on the potential of the investment itself rather than the borrower’s credit history or financial background.

Pull your own and ask them, "With credit of FICO SCORE, what rate and term can you offer me?" 

Hi everyone,I'm currently managing short-term rentals for myself and a family member in Texas.  

Hello all,I hope everyone is having a successful back half of the year!!

Ready for something more long-term and steady income.

Of course, I assume your answer will be in general terms. 

Or maybe the husband and wife check out, but they have a 20 yr old son who lives with them who has a crime sheet a mile long?

I'm super happy starting off with single family medium or long term rental strategy, hold for as long as makes sense, and keep purchasing the same type. 

So maybe you pay $2000 for the HOA deed and then pay HOA monthly and you get to live rent free saving $1000-$1500/month rent for 6-12 months or however long it takes for foreclosure from the lender.