The amount on the letter was higher than the sales price of the house. 2 days before closing (within the 25 days of backing out incase of financing not being approved) the buyers agent came back and canceled the contract, and provided a letter from the lender which stated 2 reasons for financing falling apart. 1) Insufficient income for amount of credit requested2) Excessive obligations in relation to incomeThe buyers agent also told my agent that apparently the buyers had purchased a car 3 months before they went in for qualification and the lender didn't find that account in their credit report and thus provided the pre-qual letter. 

I have come across a condo association that is VERY rundown (drugs and homeless) and not doing well at all, interestingly it is surrounded by multiple apartment complexes geared towards students.

The issue is that I just moved into an apartment so if I apply for a mtg, I don’t want to commit mtg fraud, but I also wouldn’t have enough potentially for a 20% down payment for a rental property loan.

I guess I am missing a part of the puzzle here.Is there anything that would prevent a short sale on a foreclosed property?

We just closed the deal on a 41 unit apartment complex.

Can I renovate this area to a studio apartment and rent it to a seperate tenant.

Had my eyes opened the other day though on a new apartment bus tour I went on and saw many of them going with black appliances.

Hi BiggerPockets community,I’m Frank, a part time real estate investor.

Why don't you keep your current job, and do the BRRRR on a part time basis, and see if you like it?

Hey BiggerPockets,I'm interested in starting my real estate investing with small apartment buildings (around 5-12 units) in the Pittsburgh area but am having a tough time finding real estate agents who excel with these property types.Any suggestions on generating leads and finding agents who specialize in this apartment building size?