I think it's a pretty solid bet that prime will go up here pretty shortly.

Check with mortgage brokers/originators that provide private funding as well

Plus I can bet your HOA won't like vacationers too much.

I've done a lot of cut and pasting Edward Scissorhands-style of many posts on BP that address seller financing, but there are several differing opinions on the topic of whether or not it is necessary to use a mortgage...

So, getting started really means you must have income from some other source that you can use for the qualification process.So, you're really looking at private money (i.e., from someone you personally know) or hard money.

I want to locate serious multifamily buyers I mean, either private or institutional .

It's awesome when experienced guys join up - I bet you have a lot of knowledge that maybe you can help fill people in on about commercial real estate!

Your best bet is to list it on Craiglist and other similar classified websites and other means of advertising to your buyers.

And, even if he doesn't take title, if it's a private sale (not an REO), you may still have this issue (though title transfers through REO sales are exempted by FHA).All that said, there are a few underwriters out there who will underwrite these types of deals, even for FHA purchases, but they are few and far between.

I have worked for this private investor for the last 7 years.