Hi David,I'm referring to companies who promise "X" amount of leads for "X" amount of money per month.

They have a real estate agent (whose job it is to know what the property is worth) telling them to list it for a certain amount because they honestly think that is what the property is worth.

@Chris Pomerleau Agency small balance loans are great but they have very specific requirements (high occupancy, net worth, min loan amount, etc.)

Some places you can get away with 2% of purchase price all in for closing costs, other places such as where you have a large amount for transfer fees, you could go as high as 10%.  

Depending on the overall size of the complex, $270/month for something that includes a pool is probably a fairly average amount.  

I've spent the last four years doing a huge amount of multi family closings and they've come to a screeching halt.

The other units rent should count toward your income as well to help qualify you for a higher loan amount as well.

Now it takes that amount to buy a 2 bed 1 bath built in 1926 ;-) Why is it important to you to do 30 a year?

I wish I had the kind of tenants who could pay rent "digitally" - but a fair amount of them still deposit cash in the bank...on the 5th.

Now if you can’t do 30 year and go with this financing, but can bump rent to say 850 when they leave in August or you don’t renew or just bump their rent to that, combined with the fact that you’d be getting it under market value by a fair amount, I’d probably do this deal.This ofcourse is assuming the area it’s in is good.