I have searched the forums, but could not find any posts similar to my situation.Background: My company owns and manages an Apartment Community in Atlanta, 144 units that is currently 75% occupied.

I have eerily similar numbers and situation on a flip just this week but I prefer to require conventional mortgPersonally I can do better ROI on 160k than renting for $1600/moBest of luck with yours

I will do my best to help you answer any questions you have and at the same time hopefully help someone else with a similar question in the forum.

I think the are other markets that appreciate at similar rates,  if not better (Denver and Seattle come to mind), but I can't use low down payment, low interest,  owner occupied financing there, I've gotta put down 20% in those markets. 

Banks have similar procedures. 

It's been 2 weeks and the kind of applications we are getting are far from ideal...bad credit scores, delinquencies, hard to figure out how much do they make (meaning self employed in some cases) are some of the issues that made me reject 4 applications so far.My property manager (who helped me buy the house) has posted the ad on all relevant websites, we have priced it at the lower end of the range at which similar homes are listed in the area, but still not happy with the applications.I would be interested to hear what folks, knowledgeable about the Austin market, think...is there more that we can do?

I feel similarly.

We pinned it down to three similar designs.

Wendy is similar to saying the same thing.

I have a loan strategy question that I bet will help a few people in similar situations!