Purchasing our First 2-Unit

[Greg Dunkle]

Hey all, first post here.  I'm happy to say that my wife and I just had our offer accepted on our first 2 unit.  We are doing an all cash deal with a relatively quick closing.  Both units are occupied with long term tenants.  

My question.. We want to get a mortgage on the property after completing some deferred maintenance so we can rinse and repeat. What type of loan would that be called?  What should I look for when considering financing and what should I steer clear of?