Strategies to avoid High Closing Costs

[Travis Ferreira]

I recently purchased a 3-unit rental property in the Rochester, Ny and used conventional lending (bank loan with 75% LTV, 30 year fixed, 4.25% interest), I quickly learned this strategy has high closing costs (~8% of the purchase price in my case) and a large amount out-of-pocket.

What strategies do BPers recommend to avoid paying high closing and out-of-pocket costs?