Im sure he has plenty of loan products that will work.

I would try to get a 30-year fixed rate loan product, you will have a lower monthly payment which means you have more cash flow.

I also read that all sales are at the physical address of the property for auction.

I don't think it's a great time for first-time investors to commit to a deal as they will likely panic for months about it causing strain on their pockets and mental and physical health.

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I had a four unit property five days from closing and our commercial lender just canceled their 30-year fixed product due to market uncertainty.

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I would be using a hard money lender (80% LTV, 10%, 1yr loan term) to acquire and then begin renovations and raising rents to market. and then do a VA cashout refinance or FHA and move into one of the units. so my risk is if the property will not hold its value or go down and I cant refinance and/or if my new tennat base will be able to afford the new rents ($950).Hard money loan on a long term rental assuming constant rents and availability of rehabbers when serious economists are projecting a 24% contraction in national economic productivity and 20% of the nation isn't supposed to leave home? 

However, I found out that this home was physically moved from a different location in Wisconsin at an unknown time.

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