Yes, anytime markets become less liquid and are faced with uncertainty banks are going to tighten up.

I recently used my friends software deepblocks.com to do some quick developments on parcels of land that had expired on our mls in California.

Most commercial lenders, agency or private will ask for the 1:1 net worth requirement and some level of liquidity covenant, yes. 

My suggestion would be a lot of cold calling expireds that weren't able to sell, or even Absentee owner calling 

Nice to e-meet everyone! 

So I started the year off with 2 goals 1) buy my first laundromat 2) 6 units (originally SFHs was my goal)Ive been studying laundromat business from mid January to now Then 2 things slowed me down very slow refi on 2 properties (long story but still trying to fight reappraisals) and COVID19More info about me I have a disability, My w2 income is very low, It is hard for me to get a job because of my disability, my primary residence is free and clear, I have 3 rental units right now (1 has a mortgage and 2 I am trying to cash out refi as mentioned) and Im very liquid.

@Simon Bloch..as a mortgage broker in CA, it could be the wholesale lender who he was putting your loan with had to tighten up because of the liquidity mess in the secondary markets. 

We have a few rentals for student housing and renters in one of the houses will be graduating in December 2020 but their lease will expires in July 2020.

To me this is equivalent at buying a property at a discount because the owner has a short term cash need and needs to liquidate.

If my tenant in Cape Coral, FL lease expires and I don’t renew it, what happens if they don’t leave the property?