The thing I have found is that the buyer client focuses mainly on "lowest rate"...sometimes, they choose a large national lender that advertises on TV, or through their work (military), or some other outlet touting "best in customer service, etc"...In my experience, the large national lenders often slow down the purchase process, or get to a few days before closing and decide that "no, they don't intend to finance the loan because buyer has xyz in their history".  

As of now I am looking to buy and hold long assuming it would generate good cash flow.

What has worked better for me (I have never done the email "farming" you talk about), is going on the county GIS for whatever county you are targeting, print out a list (or generate a spreadsheet) of the properties in that neighborhood/area, and mail them a letter.  

Several years later, same thing happened, they had to give the customer a $8 million loan.

Most commercial lenders are looking at the income the property generates.

I’m selling a 3-flat on north side of Chicago (that was making about $1300/month) and looking to 1031 into 2-3 properties that will generate cash flow of at least $3k+ month.

If you are flexible on the amount of money you are hoping to generate when you aren't using it there are more or less options too.I've been looking for a vacation rental throughout the state, as well as rental properties throughout madison and milwaukee areas so I'd be happy to be another resource for you if you'd like to message me. 

Hello,I just got a mortgage and am trying to generate an amortization schedule but have been unable to match the banks first payment information.

Great Customer service, spending more time with them than the rest of the market.

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