In the market over the years since 2008 where investors have become an increasing percentage of the buying pool, the limitation of the number of renters has depressed the condo prices in the developments have restricted renters.Another phenomenon that has occurred is that condos have raised fees to build their reserve funds.The combination of renter limitations and increased condo fees have also suppressed sale prices in those developments.All is not lost as there are other sources of financing than FHA.

This wet our appetite for real estate investing.

When I bought my duplex in December, the owner wanted to move out of the state to retire so he was motivated to unload the property.I would say that middle to lower tier areas typically cash flow higher due to the suppressed valuations due to the negative stigmatism.Typically sfhs appreciate faster than duplexes due to the diverse reason involved in sfh purchases ( finding the perfect school, cuteness factor, commutes etc).

However, since I'm just starting out, my risk appetite is less and I'm looking for rental properties that are close by and ones with easier exit strategies.  

Listsource will only keep my list for so long before they delete it and then I cant suppress those names from new list.

This is a very unique situation (in my opinion) and is probably only possible because of our previous relationship (and their current appetite).

A local or regional bank would have an appetite depending on your personal credit, financials, and property financials.

The appetite for loaning on small residential rehab projects is pretty low from what I have seen, but with a large free and clear piece of collateral I am sure you can convince someone to lend you money on reasonable terms.

But I think interest rates will increase at least moderately and that will suppress prices somewhat.

It should make financial sense to both parties involved of course, but you do want the most you can get out of it as a good negotiator.Start with a straight interest rate and see how wet the appetite is for the other party.