D&B is total BS and you can live w/o it - - just like the BBB, it's a paid service for members and non-objective IMO.

@Brandon Turner, I've really  been looking forward to another one of these but I serve on a non profit board and our annual Mtng is that day in Richland.

Non owner occupied properties and multi-unit properties always cost more money

Their loans are for 5 or 10 years with a 30 year amort, recourse and non recourse.

To be aggressive in this market in SF buyers will sometimes pay for and have property inspections before an offer date so it can be non contingent

Perhaps the question would be, based on the described circumstances, how do you convert a non performing asset such as this into a performing asset?

Our market has become saturated with investors and the national gurus having been coming here doing their seminars non-stop for the past year or two making the situation worse as many, many more wannabes enter the market.

The note was non-performing so the bank sold the note off likely at a good discount.

They can be a big help when dealing with the non-conventional things that come up when purchasing REOs.

Another possibility might be adding additional sources of income - renting out the common space/room in the office if you have one, to the tenants for birthday parties etc, vending machines, coin operated laundry, pet fees, pet non refundable pet deposits.