Joe you are not understanding a key point.Investors such as yourself DO NOT typically invest in Class A properties for the reasons stated.The cash flow returns you want are not there.Larger buildings that are Class A with Multifamily mainly comprise institutional buyers,pension funds,REIT's,Insurance companies.What those companies want to do is have security OVER cash yield.So if the CAP is 4.5% going in they can eventually increase the cap through rent increases that are outpacing annual inflation rises.Through increased rents,tax offsets yield can be increased.No it's not going to be 10% etc. but all these companies are trying to to is protect the money,grow it a little,and outpace annual inflation.Hope you understand now why this is not a target for everyday investors.Many investors look for 20-150 units value add class B or C they can turn around instead.

The bank doesn't seem to care how it is currently financed as long as it passes the appraisal, however they still want your credit/D to I, etc. to be acceptable.There is nothing that says you have to convert from HML to conventional except that most HML's have a balloon at some point, mine was at 7 years.

Sub To is where you get the deed transferred to your name and the owner still keeps the mortgage debt in their name.

Even if I have my own realtor, he will not show the property, he refuse to.

One easy list you have access to is expired listings.

These are the markets that I hope to I get into in the future.

One question I can't find an answer to is whether I should expect the appraised value to jump to match the market value, i.e. if I buy the property for X will the appraised value be raised to equal X?

You could put that in your lease that on Month of.... rent will be raised to ...

But I do not see why you wouldn't able to.

Who am I and what makes me worth listening to?