Loan criteria for Apartment Rental property

[Petro P.]

Looking to purchase a few $50K-100K condos as rental property. I was told by a mortgage broker that I will have to make sure the Apartment Complex has less than 15% of the HOA Fees unpaid, and less than 40% of apartments can be rentals (60% owner occupied).

This criteria may be fine for some places, but what if one of the doesn't meet this criteria? Aren't there any other type of loans for these units? This would be with 75-80 LTV.