Some lenders wont allow this without you having a min. skin in the game.

Good healthy day Miami, I just moved here Networking is key for me ! 

That doesn't mean they sell at a discount....they still seem to sell at very healthy prices, but may give you the opportunity as you have turnover to improve units and increase rents.Not here to give you negative outlook, but the reality is often very different than what you hear on podcasts.   

I have seen plenty of deals (albeit outside of Tosa/Shorewood) that don't meet the 1% rule but still see a healthy cash flow--the main difference being the interest rate is between 2.9-3.2% @ 15% down.But yes, from the numbers I've crunched, margins are much, much thinner in Tosa and Shorewood.

Your life insurance should pay a healthy interest rate and dividend.

And once it does (or if it can) fall under that higher land use, it can be subdivided, with either the sale of vacant lots (that conform to individual lot requirements) or there is the potential to build new...and more MF, if the area is seeing growth and seems healthy. 

But if you're going to ask for OPM, what are you bringing to the game, in other words, what is your skin in the game?

Nevertheless, even though I have a healthy E-Fund, I don't like the idea of having to rely on a tenant and/or tap into my savings whenever I do not have one, but I may not get this opportunity again, so I am really struggling as to whether I should take this risk.

How can you make it worth the landlord's while... where 's your skin -in-the-game?

RWN should have some skin in the game and protect the interests of their members.