I'm new but being mentored by a broker who did hundreds if not thousands of BPOs through the crash (broker price opinion, sort of like a non-official appraisal for bank foreclosure and other purposes) and really knows the value of adjustments and when to draw the "not comparable" line.

I currently work as a relationship banker at Bank of America, so I have some knowledge on financing and proper structuring of a business when I get to that point.

The added equity is the same money, with the same face value, as if it were still in your control in your bank. 

So i need to go and see what the banks say before hand.

With a commercial loan from a bank or credit union here you'd be required to maintain a Minimum DSCR (Debt Service Coverage Ratio).Let's say the bank tells you that you must maintain a 1.30x DSCR, not uncommon for a small multifamily loan like this.

I spoke with a local bank that gave me an in-house commercial loan. 

Lender in the same state will be fine, local lender would be local bank?

The money at the end, even with 5%-9% Cash on Cash ROI, is spectacular from my perspective.Getting that ball rolling is the key...So Property 1 (here is where I ask my questions)...Buy a Foreclosed or Dramatically Reduced (Not in this market) PropertyIf we can pay cash at this point, we should, I get that bit, but CAN this be financed through a bank?

Pre-qualify the OfferHas anyone heard of running prospective buyers through a seller's choice of a pre-determined bank to get a solid review of their credit?

She lives in my house, every door has no locker.