You could approach a commercial/asset based lender and they may give you a loan based more on the ability of the property to produce income versus your DTI.

It is not for lack of trying: we have looked at many "potential" candidates, even tried to underwrite a handful, but vendors think they are sitting on pots of gold and there is too much loose money about these days driving the prices into the realm of silly.It is much better to have a healthy sum in your bank account than a bad deal ... there will always be another candidate property and prices will eventually re-align themselves with fiscal reality.

It may seem like competition is a bad thing but in actuality if you join up with an office with many top producers you have the ability to help them with open houses and can also get mentoring help on your first couple of deals.As you start getting experience and start making more sales, these traditional brokers like C21, Coldwell, etc... will give you better splits.  

On the contrary, I know of several who are not only fantastic people but also massive producers.

If the property is producing income, she could likely continue to hold the property in the IRA and meet the distribution requirements.  

Scot's post was more like a healthy dose of complex carbohydrates.

As for the cap rate, as you can tell by the price, Massachusetts is pretty expensive and the properties that might produce a higher cap rate are in an area I can't commute to work from and this is the best I have found in our commutable radius thus far.

You will need to produce on what they have taught you!

This helps keep my marketing budget relatively low, while producing pretty good leads.

Another play for a junior Bene with 100% control of that lienholder position is to get tg he partners to assign their interests to you.Next, abandon the security by recording a partial reconveyance.Then, sue your debtor.The idea is to avoid getting wiped off if the sale of 1st won't produce surplus and still provide a future opportunity to negotiate with the debtor when the pressure is on and YOU have the upper hand.