I need advice on how to get into my first multi-family complex

[Ilya P.]

Hey, there, I'm currently getting approved for a single family loan to convert a large square footage Single family Into a 4 unit, then 5 units apartment building.

cash out refi later and put that cash into a bigger building deal. 

also say a hud multifamily loan requires 10% down and 10% in the bank ( of purchase price ) 

but do i have to do this?

How much of this cash can be taken in loan format? 

I mean can I take a 600k loan to meet a 3 million dollar building's down payment and cash on hand requirements? 

if the building cashflows really well ... it wouldn't be a big deal to use a loan for dp right...

at 10% down for lower income housing

I don't have much money and I think that this is the best way to get multi-family management experience to meet hud loan requirements in the future which Have the lowest Down payment options.

Am I overthinking it?

Is there a way I can really get into Say 20 to 40 unit building other than of course sellar financing. I want to do a straight finance since I find the other options to risky.