But our model may not be a fit for what he's trying to do.Always happy to provide some advice though.

I am a broker with access to over 220+ lenders so know we can find lending partners to fit your situation.

Even better - find a PM that already does this and fits into their business.

Fit to your needs.  

Great info to have and I'm glad you were able to validate that the first person was the right fit!

Also make sure your budget fits the market 2-Analyze deals, make sure you are cash flowing from day 1 (even if you're house hacking) also look for ways to improve the revenue of the units like adding bedrooms if possible3-Start looking for off market deals and FSBO properties, you want to buy under retail.

-- Right now I'm interested in class A/B suburban markets outside of NYC.NY can potentially be a good fit for your goal of building equity.According to Zillow, San Diego is the only major metro area with property value growth higher than NY since last year.

Getting clear on what you want will help you narrow down to cities that are potentially a great fit for what you're looking for. 

Local bank or credit union would be the best fit on a deal this size.

Please give me feedback as this doesn't quite fit into typical calculators and I'm not confident with my current calculations.I have signed an off-market Agreement of Sale (executory contract) on a property in the Phoenix suburbs.