“Several weeks later after I asked for additional information as this did not appear to be the case I received this:“Thank you for following up on this issue, I apologize for any stress this situation has caused and for the delayed response as we work through higher than average volumes.

Market is the best remedy for those, since no intelligent buyer/investor will touch what they offer.- Sellers who are lied to and taken advantage ofHow exactly are they lied to and taken advantage of?

Commercial lenders don't usually offer 'pre approvals' but will provide sellers with a letter of intent.

@Megan Stone good to hear this attorney offering you excellent advice even though it isn't in their 'best interest'.I've always established my commercial RE LLCs in the state of the asset.  

In your case, having a local owners rep could certainly help but that will add additional costs.

Sellers did share numbers but they just lived there so doesn’t do much with collecting rent numbers. and agent is asking for numbers from OTHER UNITS because the one I have an offer on was personally occupied.do you have some to share? 

Additionally, talking to local residents and checking crime statistics for precise locations within the zip code can provide more detailed insights.If you have any other questions or just want to discuss further please feel free to message me.

.) - Many residential lenders now offer 'business loans' or DSCR (debt service coverage ratio loans) from 5-8-10 units.

As of November 2023, Fannie Mae offers a great 5% down conventional loan on multi-families.

This typically provides more comprehensive coverage for rental properties.Entity structure:Creating an LLC to hold the property can offer liability protection and potential tax benefits.