To buy a BIG property today, you will need to take on extreme leverage, make a big bet, convince mulitple other people to hand you hundreds of thousands or millions of dollars, and then you have to be right, inside of a 3-5 year timebox, about your projections, supply, demand, expenses, and cap rates. 

Can you give us details, price, downpayment, loan terms, cap rate etc.

Based on the information I can find and an Excel template I am using it would suggest this property is a 9.3 cap and would have cash flow after expenses of around $3000 per month.

For longer-term holds or more complex deals, IRR and Cap Rate might take center stage.It’s all about what aligns with your objectives and helps you make the best decisions for your projects.

Their LTV/LTC will be higher and they will likely want to scale with you where the bigger banks will likely cap you off. 70% LTV is just simply too low unless.

Your loan will be capped anywhere from 65% ARV to 75% ARV and that will depend on lender, credit, experience, deal spread, risk.In that deal cap you have guidelines like borrower can get 80% LTV is their experience is X and credit is Y, and they can get 90% LTV if their credit is A and exp is B. 

My break even without putting anything away for cap ex, vacancy, or maintenance is $2,395.

For the rest of your life on September 1st you have to wear an LSU cap all day long. 

Capital call just to buy the next one-year rate cap—good outcome unlikely and expect another capital call.5.

Buying a Multifamily or home in a C, D, area should come with a lot of equity as it is the only reason to get into any deal for these areas as you don't want to spend more than upfront out-of-pocket cost.Look up Cap rate, Cap Expense, Insurance Expense, Vacancy Expense, Tax Expense (which should include a licensed pro at some point), Real Expenses in relation to owning Multifamily real estate, and other things you don't what to be surprised about before doing your first deal.