With the right aggressive marketing there are many opportunities with tired landlords but would require more time compared to searching the MLS . 

My understanding is that it will mainly be derived on the life tenant's age and value of the condos at the time of sale.

Most brokers will not waste their time going through the whole process only for a loan denial.

The reason I went with them instead, is Ameircan offers a 80% LTV 30 year long term whereas Century at the time only did 75%LTV. 

Private money (not hard money - there is a huge difference) is built with time, experience and connections.

thanks for your time!

Most people that are successfully flipping have a flipping business with either employees on staff or enough work lined up to keep a GC happy for 6 months to a year.Its a tough business to make money in when you are doing one project at a time from a distance. 

However you've collected your fee since its easy to direct buyers how to buy the homes in markets where there's no barriers and hundreds are available at any given time, and the buyer feels like they accomplished something despite sitting on real estate that will never generate real gains. 

That way you can pay back the line of credit and reuse it. 18 months seems like awhile but anything can happen in that span of time

This negative position can consume years of cash flow to recover.