Sadly lenders are in the driver's seat if you only have a week to close.You could also attempt to get an extension to close to find an alternate product. 6% is not crazy, but it does not feel that competitive. 

Can’t find a competitive rate for Travelers so are forced to go this route.Thank you so much for any guidance!

In the hot market of 2021, I was able to buy this from a coworker and get my terms with no competition. 5% down, rolling in closing costs with record low rates.

Solid potential for appreciation, multiple exit strategies, just the right amount of work needed to be done to where it scared off some competition I think, but still plenty of room for us to improve without having to do a full blown renovation.

Solid potential for appreciation, multiple exit strategies, just the right amount of work needed to be done to where it scared off some competition I think, but still plenty of room for us to improve without having to do a full blown renovation.

In the future I might like this to get something cheap with a cash offer and fix up as needed.Ideally I want to get equity as the person who finds the deal and puts it together, and in the interest of retaining a competitive advantage, perform improvements needed as a Cost-Plus arrangement where I can cover my Company's COGS and Overhead.

YES, there is a huge market for competitive leads, and YES, you could wholesale it on your own. 

I knew in advance that I was buying this with a problem tenant and I am getting a credit at closing (my location is still very competitive and it is the only way I could win the offer).  

I've noticed that the auctions have been fairly competitive the last few months.

(This is my market on offers, not a national or actual number)  The markets still competitive, just not insane.And we should start to see different markets experiencing different trends going forward which is normal.