If you get a sweet deal that works out with tons of cash flow with an FHA mortgage, who cares that there’s PMI that you can refi out of later?

Provide proof that you dealt with them and use the facts (short, sweet and to the point).

This was basically proven to be true when I visited the property and the fridge was stocked full of beer, wine, cheese, fruits, etc.

BUT WAIT...REWIND...we also need to spend that other ~$83k you saved up living with friends and renting out the doors.You've spent 3 years establishing extra awesome credit now and have $83k to put toward a multifamily.You should easily be able to aquire a sweet little quadplex for $300k on a 15 year loan, living in one unit of your quadplex and renting out the other 3 doors.  

I'll try to keep it short, sweet, and factual. 

I'll start:Current portfolio: 0 units (working to add 5 this year)Long-term goal: 75 unitsInvesting strategy: 5-20 unit "sweet spot" commercial properties; implementing the stack to buy 5 units, then add 10, then add 20, then add 40, year after year to reach my target 75 unit goalBig WHY: both my parents work in K-12 public education and my family has always been locked in the traditional way of working.

BUILD RELATIONSHIPSThe best wholesalers I work with (and you know who you are) know exactly what I am looking for once they hit my sweet spot.

Wine country. :-) 

Just as Time Magazine ran the article of "Home Sweet Home" at the peak of the bubble, we'll see another cover denoting how bad real estate will be.

It seems to break down to three schools of thought.The first school of thought believes that tenants will appreciate a mid-priced bottle of wine, or a cute gift basket, or a gift certificate to a nice-enough restaurant.