@Christopher Villa thanks - when you say 'cash offer' do you mean they will take a loan with your pre-approval letter?

In the volatile market we have today a fixed rate loan will carry a high rate if you can find one.

I was told by the Trustee, I could finance the condo instead of buying it with all cash.However, since this is auction property and doesn't allow someone to do inspection from inside most of the lender are suggesting that get a hard money loan instead of conventional investment loan.hard money loans are expensive (12% to 13% + origination fees).Does anyone has done this before with conventional investment loan where you don't do the inside appraisal.or any recommendations for lender who can help achieve this?

I was approved for a loan on a 5 unit building but For me being new to commercial I figured going bigger with guidance was a better option.

From there you start scheduling showings to look at potential options and submit offers on the ones that appear to make the most sense.Once you have an accepted offer, you work through the escrow process by doing your due diligence and working with your lender to get your loan approval.Then....you close!

For 30Y loans made to an LLC - 15%-25% down minimum depending on what type of lender you are using. 

Another option is to get an interest only loan, which reduces the payment amount and thus allows for more cashflow.

I would be using a DSCR loan since I don’t have 2 years of work history.

I found an opportunity where the seller would consider carrying the loan at 5% for 5 years. 

@Deron Jewett you can use one FHA loan in every 100 mile radius.