Lenders are so efficient it is on the auction block where buyers have to pay 5% hammer fee to the firm and bank to acquire a property at market price. 

And I tell them make sure the rent money is in the bank on the first.Another tenant, slightly better qualifications, missed one electronic payment recently, but tells me he had to help a relative out, and spend $29K.

As you know, these appear more high-risk for banks.

Richmond VaI am thinking about hiring a property manager to collect the rent, and pay the HOA fees while depositing the remainder in a bank account for my mom and I to access.My working budget is $300k and I am looking to get a minimum of $1.5k-$2k per month in rents.Insights welcome

The problem is that all the bank owned stuff - which is always the most likely stuff to be discounted - has dried up quite a bit.

I have cash but what is the best options for me to put it all in the bank without having issue with irs or bank regulation.

He did provide me with the current rent roll, 1 year bank statements, water/sewer/gas/tax bills.Here are the numbers based on the bank statements for 1 year:Total income: $82816Total expenses: $75967The park isn’t making much profit but if the occupancy stays at its current rate or increases, it seems like a good deal to me.

(They wouldn't approve a leave but were more than happy to have me back and my boss literally told me not to pass up the opportunity but for corporate reasons would not be able to accept the leave) So question is do you think a bank would lend to me and if not what sort of deals do private lenders offer ? 

I have access to $20-$30K for downpayment etc. 800+ credit score, a good paying job, and need to find a local REI friendly lender to not only lend money but perhaps even lend advice on best ways to get my 30K to work for me.Property under agreement is in Des Moines proper but I will be looking to buy in the surrounding communities to the south as well (Indianola, Norwalk, West Des Moines, Carlisle).I could go to a big bank and finance this first house but I would like to start a long term relationship now.

You mention you're using this for a downpayment - is your bank OK with that?