Non- recourse is usually over $1M balance

As usual, look up your laws in SF.

They would have the answers to what your looking for but sometimes grants with HUD usually has loans attached for Section 8 finance.

My IRR is at 10.60% and I need 12% so, no go, and my NPV is negative, meaning that it's a looser.

That isn't quite a large line of credit for rapid acquisitions, but on the conventional side, LOCs are usually in the $1mm+ range.

Pro's:- you know what you want, what to ask, where you want to buy,  and the average buyer agents who are not pro Airbnb specialists just do not know how or what to ask as good as you do, they can sometimes get in the way, I get it- you could potentially negotiate a reduction in sales price based upon the amount of the buyer agent commission, - the listing agent could work harder to put the transacation together because they are hogging the entire commission, - seller agents know the motivations of the sellers and you may be more successful uncovering motivation, or seller structuring it to work for both sides more effectively than buyer agent- the closest distance between two points is a straight line, we usually get better results dealing direct as experienced buyers, unless you have a superstar buyer agentCon's: - the listing agent commitment and fiduciary responsibility started with the seller, will they now all of sudden become truly nuetral as transaction broker?

I usually buy the cheap stuff off the rack at Mrs B's or somewhere like that.

@Antoine Martel what do you usually shoot for?

Blocked rent is usually reserved for corporate tenants. 

-run those on any property you find in San Diego and you'll find out pretty quickly that you're going to be in the negative.