Did you consider the CAP and vacancy rates in comparison to the submarket or did you set your own standards?

5k is pretty standard in south florida from what I have worked with. 10k is a little bit high but that speaks to the current market, not so far out of the norm IMO, they are basically saying they want somebody serious

@Sherry Varg $50k minimum is pretty standard, but you'll sometimes see $25k or $100k.

I reached out to a  family member to discover what their process was for closing (regular home, not investment ) and they mentioned that even though they use the title company they actually had used an attorney as well.

What does actually matter is that Realtors, including in all probability the listing agent of your dream house, think that FHA loans have these crazy absurd property standards making it impossible to close, or close on time, in 100% of cases. 

As the real estate market has shifted and adapted to the pandemic, we have had a unique opportunity to discover new ways of operating our real estate businesses remotely.I interviewed Therese Anderson from our 7 Figure Altitude group.

If so, you can probably drop the 20 day contingency but if not you definitely need it...Are you using a standard contract or your own?

I am having trouble because it seems unlikely I can find something meeting the standard BP numbers of 1% rent and 10-12% cap (Turner's recommended cap, I believe).

Is 30% down a standard down payment for commercial properties.Listing Price: $395,000Type: 6-Unit Multi-familyLocation: TennesseeGross Monthly Rents: $600/unitAnnual NOI: $21,600Down Payment: $118,500Rehab: $50,000Closing Costs: $10,000Total Cash Investment: $178,500 

Currently the Fed has a policy of buying unlimited mortgage backed securities, meaning there is no risk for a lender to originate loans that conform to Fannie Mae or Freddie Mac underwriting standards.