We proceed with closing, have a summer rental season of $0, we are out $100k of income.  2.

As for MF in AZ, I have been a lot more focused on self storage, but, from what I have seen, deals are still trading. 

Recently closed on a multifamily (5+ units) investment property and looking for a lender that has a shorter seasoning period. 

That tends to point to an operator that is not that seasoned or experienced.

We can help first-time investors or seasoned investors with a mix of hard money, LOC's, private money, asset-based/no score programs as well. 

Which still leaves enough in reserves for a contingency budget. 2-3 months later, sell it and do it again or wait for the seasoning period, refi and do it again. 

Also it is important to note that in February 2020 15% of sales had an ADOM of 5 days or less compared to 9% sales in February 2019.We have entered the peak of listing season.

Because I don't want to wait for seasoning period of 12 months.

I got it under contract for 110 K it appraised at 125, the higher comps in the area are 180 to 190 K,It is in the Reno stage right now and I plan on BRRRR’ing it (The lender is just waiting for the seasoning period) and so far the pandemic hasn’t caused any hiccups, in fact it has been a breath of fresh air as inventory is low in the market that I am trying to invest in and buyers are scarce.

Potential underground storage tanks from adjoining property 2.