Buying a loan and having a borrower inquire about relief creates a situation where alternatives to foreclosure are likely mandated by state and some federal law.

Try calling/emailing around to see what you can find in your area though.An alternative would be to go the commercial financing route.

If you are determined to buy a property even if the numbers are bad let me suggest an alternative.

I've been buying SFHs for a few years now and as the market rises am looking at other alternatives.

Alternately , if the issue is knowing who is coming on site and getting clearances , background checks that could be done.

$1300 per month per apartment.Whats my alternative?

We have 16 units, & each year we give all our tenants a good sized Thanksgiving turkey (or alternate if they prefer).

Not that it's a bad promotion, but really, I see this as just another opportunity for you to show off your unbelievable claim of tipping on 60!

I am looking at a deal but I need alternative financing because my DTI is very high from a banks perspective.

I would consider finding a seller financed property in Big Bear (there are plenty of motivated sellers there) as an alternative to buying 100% cash.That way you could enhanced your returns & get a steady cash flow without having to pursue bank financing.Good luck