Agree, I'd look for a HML that can close quickly or a Private Investor that can write a check

Need to remedy that quick.  

The thing I am noticing though, is that these properties are still being bought by others in the area, fairly quickly, close to asking price.

I'd make sure that your property manager can do quick evictions, they don't cost too much and that you can talk to other investors that have been happy with their tenant placement. 

If they are professional, they can explain this quickly and easily.

As long as you can show there is enough profit for you to pay the loan back and/or provide them with a cut of the return you should be good to go.The flip budget is the biggest thing to tackle because if you are off more than a little it can quickly take you from the black to the red.  

Current lot rents are about 10% below market so a small increase can be realized quickly.

@Bill Werkheiser It's just a quick napkin math way to estimate the expenses on a multifamily property.

I'm looking for your quick input -- would you go for this one?

Quick update on the FourPlex.