The reno multifamily report dives into sales data, rental rates and trends, and market information.

In each category there are some opportunities for lower down payment products.

On average, approximately 16 come up for sale every year. 

@Thornton DruryIf you’re living there there is a homeowners product that covers the building, your stuff, and liability coverage (which covers you if someone Sues you).

If you are interested in value-add opportunities that require construction debt financing, the smaller banks who are more nimble and offer this product care more about liquidity than income.

A few scenarios come to my mind:- After a successful close of sale, a small gift to show good faith/marketing such as a $50 gift card to Home Depot?

What was the previous owners motivation to do a sub 2 deal rather than a traditional sale?

When I see a seemingly successful STR for sale the main question is why.  

I understand that they are looking at income and assets… my question was specifically about how mortgage companies view depreciation on existing properties… It depends on the loan product, do you know what the specific loan type / mortgage lender you are working with?

However, I do believe different banks offer different products and I have heard of some banks doing HELOC on rental properties now (more expensive).