We understand that but frankly we are extremly reluctant to ablidge.

Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

Campus housing has been under tremendous headwinds for the last 4 years.These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.So sorry to hear about your investment.

I would recommend starting in your backyard and hone your skills if its possible, I know some markets have an extreme HCOL which may make it unfavorable in your case.

Quote from @Penny Wilkinson: How are appraisers approaching value on multi-family when there are extremely limited comps available?

This property gives me significant income, so losing it would be an extreme loss.

I don't want him to be my brokerage sponsor because he will want me to look at MF deals, which has extremely slowed down in the past few years.

One possibility is building a duplex in Peoria, while it's not the best rental market, getting a duplex at a possibly much cheaper price than market value is extremely appealing.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Hi @Charlie Green, I am extremely interested in hearing more about this strategy.