Lets talk traditional financing-- current market trends

[Brian Foxworthy]

I'm new to the forms and to RE in general. I recently read a book by L. Loftis "Investing in Duplexes, Triplexes, & Quads"(2006). Based on some statements he makes in the book things seem pretty straight forward, To date I have done some initial prospecting on a city I want to invest in, found a few properties that have some high level numbers that seem to work, but my one sticking point so far is the downpayment.

Obviously the 2006 date of the book means its a bit dated for the current loan market. One of the main advantages Mr. Loftis cites as an advantage to investing in these types of properties is the fact that they qualify for residential loans-- which in 2006 was a 10% down payment. Based on that % down and a 6.8% annual rate a few of my properties look pretty good, but the more I read on these forums the more I am concerned that as a non-owner occupied loan, in today's market, I am really looking at 25% down. I know credit is frozen, but really 25%!?

Look at the property I have listed below, I have the $$ to make the offer today, but if I have to put 25% down, then well, its going to take A LOT of time to get that together, and its a thin margin, so financing 25% at Hard Money rates is not cash flow positive.

So my reason for this posting is to see what terms others are getting on similar type properties:

For example fill in the blanks:
On a NOO 4-plex
rate (based on credit)?____
periods____
LTV% ____
DSCR ____
% Down payment ____
Creative financing? y/n

A deal I am looking at is this, currently 100% occupied:
Price: $70,000
TOTAL GROSS INCOME 19,200
VACANCY & CREDIT ALLOWANCE 1,344
GROSS OPERATING INCOME 17,856
TOTAL EXPENSES 8,244
NET OPERATING INCOME 9,612
ANNUAL DEBT SERVICE 4,950
CASH FLOW BEFORE TAXES 4,662
CAPITALIZATION RATE 13.73%
CASH FLOW PER UNIT/Month $97
Yr1 RETURN ON INVESTMENT 67%
Avg Monthly Rent Per Unit $400
Gross Rent Multiple 3.6
Monthly Rent as a % of Acquisition 2.29%
DSCR 1.9
Expense to Income Ratio 54%