If a multi family property is apprised at $700K and you're able to come to terms with the seller at a purchase price of $525K (75% of appraised value) would a typical commercial lender finance the entire deal if their policy was 75% LTV  or would they still require you to have some sort of skin in the game?

Point is, if you have no projects, reduce your finance cost as much as possible. if you have more deals you could be doing that are profitable, hoard your cash for the 15-25% equity skin in the game required by hard and private money so you can maximize the amount of real estate you can control.

I know there is something about them being known to you instead of soliciting random strangers.If you meant to say $1 million, you're going to have a MUCH easier time finding loans, but if you have no skin in the game or no experience or both, that's also going to be a difficult sell.

There's different ways to skin a cat but in either case we are almost always NOT flippers. :)Also, read everything @Brian Burke writes.

They have more skin in the game then you do.Make sure you get clear title.

They have more skin in the game then you do.Make sure you get clear title.

You have no skin in the game, go home."

As for those spots causing your tenant's illness -- not likely unless she's REALLY sensitive, and if that's the case, she'd probably know for sure already.Sounds like you've got a good plan.

I have until the end of this month to acquire the property so This is very time sensitive.

I think it is great if you can get 50% ownership with no skin in the game.