Bank is requesting us to work in 5-unit or higher

[Cody Begg]

Hey guys! Hoping y'all can help me. I own 4 SFH and only know/understand my experiences of personal conventional mortgages where I put 20% down. However I am in new territory I recently got into a partnership deal in Bryan college station, tx BCS. We have created an LP and began talking to a regional bank. We have one member of the partnership that has a high net worth and he says when he was talking to the bank that they suggest based on the loan that our first financing to be a 5 or more unit to qualify as multi-unit. He is saying that we would be structuring a no money down or low money down mortgage based on combined liquid net worth. My questions are: Does this make sense and can anyone help clarify? Second should we even do this? We are trying to do little money out of pocket. Third is if we go this route is there any flexibility in combining multiple SFH deals into one deal as a multi-unit purchase? Look forward to any feedback.