Most of them have specialty’s that they are really good and competitive at.I’m unsure where you are in the process but normally I advise clients to go get 1 preapproval from a reputable lender.

@Peter Beckwith I don't think it's the case with either, because I've never heard of that.I mean, I guess I can't blame some companies for trying it, but I've never encountered it and probably wouldn't agree to it.On the other hand, if they want to give me a competitive quote on my primary residence to try to win my business independently, I'm always open to considering ways to save money 😀

I want to invest in MF, but the area that I live in does not have a lot of inventory and is competitive.  

So, here I am, ready to learn, and eager to gain the knowledge I lack.

So, here I am, ready to learn, and eager to gain the knowledge I lack.

I cannot speak to whether they are required to provide any disclosures, as noted, but I would not be overly concerned about lack of disclosures.  

Unless you have experience with contractors & rehabbing distressed properties and the ability to make cash offers, trying to BRRRR in this market could be difficult due to the competition. 

This is especially important for you because the competition for on market multi families is friggin insane! 

Not knowing the reality we can’t judge the PM for that, but their lack of communication is inexcusable and for that alone getting them to reduce the fee to 0 is worth the ask.

We see this a lot in competitive markets.