Additionally, the decreased value of a Lender’s servicing portfolio reduces the Lender’s overall net worth.

The chances of being locked out for an existing tenant are reduced as they no longer worry about keys, which typically costs them a fee if they have to be let in to their own unit.

They are willing to reduce the mortgage payments to interest only payments for 6 months.  

The numbers I'm seeing seem redonkulous.Any advice on how to reduce cost and potential alternatives would be greatly appreciated!

Get a reduced price and convert the lower unit into an office or self storage (you could offer to the tenants a 10x10 for $100 a month if the space exists)?

most real estate is good but like every one we have a certain amount of deals that are taking a lot of energy to get through the knot hole

You can reduce your risk by looking at the historical increases, and extrapolate.There are a lot of things to think about! 

Lastly, target closing between the 5th-10th of the month, so you are prorated more rents at closing (helps reduce cash needed to close). 

The city also wants to see more SFH's than rentals to improve the neighborhood, and give tax abatements if you make your improvements energy efficient.If we kept this multi-family, ARV would be around $200k.

There is a real chance that the number of non-bank lenders/servicers decreases, which I suppose could theoretically reduce competition for new loans and drive up pricing.