How much do you REALLY need to close on a property?

[Hunter Kahn]

Hey All,

I've been working on getting my first rental(Multifamily, 6-12 units, locally) and I think I came in too ambitiously. I'm starting out with relatively low capital and as I start honing in on prospects, I'm just now realizing that I haven't yet calculated closing costs into any of my deal analysis. Embarrassing, but...this is reality. I've been looking primarily at deals that offer owner financing or are otherwise open to a creative deal structure. It seems like there's a lot of variability in the category but I'd appreciate any experience this community would be willing to share!

Thanks so much in advance!

-Hunter