Shoot, I had already lined up a separate account that the bank would pay on “A SPECIFIC DATE” monthly payments.

Hello All,Here's some background - I'm looking to buy a distressed property from my local land bank.

Most small banks and credit unions will do portfolio, or commercial loans.

@Carlos Chavez Most doctor loan programs you would find at a bank or mortgage bank would be reserved for owner occupied purchases only.

Without them no bank will give  a loan so no investor will buy it. 

A bank?

(Yes, I know how to vet PMs.)Lots of CapEx in the past two years, mostly updated units.New roofs / new plumbing in most / new HVAC / etc.)Block bombproof constructionProperty has been cranking out greatly increased cash flow each year.2016 - the true net after ALL expenses, management, and repairswas about $800/month2017 - the true net after ALL expenses, management, and repairswas about $1,200/month2018 - so far this year, the true net after ALL expenses, management, and repairs is about $1,600/monthI have actual bank statements / tax returns / P&Ls to verify all of thisMany tenants have been there for 5+ yearsVery low vacancy rateAll tenants current on rentThe negatives:Neighborhood is terrible.

We have a guest speaker, Julie May, Manager of Business Lending from Lakeview Bank. 

The Bank is offering a sellers escrow for repairs to maintain there asking price.

I have seen this a number of times, first as an employee in a bank where my job was to pull credit on applicants...Do NOT buy a truck or car, furniture or any other large expenditure until the loan closes.