Financing strategy help

[Anthony Hinds]

My monthly income from an annuity is $1600, which ends in January. Then I will have 0 income. I need to purchase a rental ASAP. According to my DTI I only qualify for $75k from my local credit union. I have a LOC from Lima One for up to $680k. Of Course this comes with fees etc. I want to use my LOC to purchase a 3 family in R.I. at a sale price of $400k. How much would I or should I have to put down? I can put up to $150k down and would still have decent reserves but would also like to purchase another before 2021 is over. Could be for less or a duplex which would be less as well. How can I accomplish this given my circumstances?