How can my buyers finance with NOO percentage is high in complex?

[Henrik Frank]

We are looking at picking up a couple of condos in a complex where we already own rentals. They are easy rehabs for us because we already know them inside out, but I'm concerned about our future buyers being able to get financing. We financed the last unit we purchased (the next ones will be bought with cash), but the lenders seemed to be very concerned about the high NOO rate in the complex. These units are frequently used for rentals, so the percentage will always be high.

What are your experiences with buyers getting financing when the NOO rate is high? Are there ways around this (e.g. certain lenders don't mind?). I'm aware of lease options, but we need to get our cash out at the time of closing in order to move on to the next projects.