But there is a niche in the market for this, that even the top agents in the city don’t do well because there is a lot to know that differs from a traditional real estate transaction.

But mostly, since there is no arms length transaction, I have really had to work the appraisers and lenders to get a value I was okay with.

@Christopher VeljkovicBasically, all NJ transactions in NJ are “as-is.”

A price is negotiated between buyer and seller with the understanding transaction must close within 60 days for that price.

They will link to your appfolio portal and upload transactions automatically, but it has an overview where it calculates some of the metrics you might be looking for.

My favorite moment of the entire transaction was a few days before closing when the seller called to tell me this, "These past 2 years, I have received many offers from other investors.

There are certain areas that are very transactional where you can find inventory.

I have provided transactional funding and acted as a Private Lender many times... 90% of them were organic networking connections, but sometimes, I have gotten direct mail based on the investor reviewing HUD (Closing Statements) to look for Private Lenders and then reaching out...

Now a lot of buyers are realizing that this isn't going to be a short nor quick bounce, so they are starting to underwrite a bit more realistically, which is resulting in prices lower than sellers are willing to accept--meaning transaction velocity is reduced to nearly zero. 

I don't typically recommend buying properties with a negative cash flow (there are rare exceptions), but because of the transaction costs associated with selling, it often makes sense to continue to hold one that you already own.