He informed me that those in Baton Rouge living in the Fema trailers are given some type of subsidization to live in a condo, which would open up the condo rental market, mostly because the Fema trailers are needed in the Houston area...has anyone else heard anything about this?

@Ivan Correa   What type of deals are you trying to analyze?

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I know most of BP audience was not around prior to 08 so they are not up to speed what happened..When lending dried up in 08 it not only dried up it STOPPEd and it stopped for many years.. you simply could not get an investor loan unless you were one really high earning W 2 type professional.. and or the loan product simply did not exist.

What are some of the ways you have negotiated these types of deals?

What is the property type, desired LTV, and DSCR?

That's alright Wesley, it's taking me a bit to type this out on a smartphone haha.A good book that would cover everything you're trying to do is Brandon Turner's book on How to Invest in Real Estate with No and Low Money Down.

What property type are you after?

Thank you all, looks like I need to do some research on these different types of loans.

Finding someone who can work for $150/sf may be possible, but that will surely come with headaches and additional costs, that would also be a project finished with very low end Home Depot type finishes.