The smaller banks are more flexible with lending policies, where you might actually meet the underwriters. 

Have you gone to any local REIA meetings yet?

I guess people are a wild card, you don't know who you'll meet.

Next time you are in Greenville, happy to meet and discuss the Greenville market.Arn

I cant speak for an investment property, but i bought my house without ever seeing it in person or meeting the inspector.

We have a bigger pockets meet up tonight at 6pm at foghorns in Fayetteville if you would like to come and meet some other local investors. 

I would love to meet someone from this area or within 50 miles who can shed some lights on me about real estate.

So Why did you think you could just automatically get 70% of the value on day one ?

In Portlandia were are see price concession and or free rent etc on some of the new build real high end 2500 dollar elevator buildings on the east side.. this is happening now.form what a friend of mine who owns a management company with 6k plus doors was telling me at lunch.a few buildings are stressed right now.take this scenario.. you buy the land 3 to 5 years ago it takes at LEAST 2 years to get through permitting then another year to build.. cost of building in this time has gone up 10% or more.. land is static .. and your proforma show this ever increasing rent.. you now come on market and your 4 story elevator building now cost you 400 a foot to build.so your in a new apartment 400k.. you need 2,500 a month just to hit your investor grade 4 to 5 cap.. and now rents start to pull back as they are or lease up is very slow at those values.. so you have full amount of debt on the building and of course everyone these days has max debt.. so debt service and DCR ratios start to go out of wac  you have annual reporting and loan covenants .. you no longer meet your covenants and you have a cash call to your lender  along with negative cash flow.. this is what I mean by some are stressed..

@Joel Owens Agreed, I keep my min at $50k and figure if someone can't meet that then perhaps they shouldn't be looking to invest in our offering.