You are correct, All of the standard Market companies I contacted would not write the coverage with an open loss.  

@Nicholas Olson in my market today you wouldn’t cash flow on a 3.5% down payment.

Hello everyone, I'm currently in the Houston TX market and am waiting to purchase my first multifamily deal.

Every market is different, but here in Pittsburgh the 20+ properties per month that we put out are usually off-market and below market value so a generally low barrier of entry.

I know this is not ideal but I am sure there is a way to manage it especially If I can house hack a multi family building.I am also open to any meetups in the STL area since that is my local market.

The “process” is the same as opposed to how the marketing is different in each state depending on whether it is a judicial process (court filings with a judge) or non judicial ( Lender simply posting in a legal newspaper)Yes,a short sale can be done by a homeowner without a foreclosure date if they are being relocated by their Company more than 50 miles but in this group we are real estate investors and it is hard to target a “list” of those home owners who may have received a job promotion AND think their home is worth less than the total debt.

The market value of the property is around $485K and the owner is behind about $30K in payments.

However, in my market, realtors often ask for an offer before providing basic information like the age of the CAPEX items, including the roof. 

Leveraging Antonio's local market knowledge, we quickly evaluated the property's potential.

Look at their marketing strategy.