Hey folks,I am stepping through a multi-family BRRR investment with 5+ units but trying to make heads or tails of the lending options that serve this specific use case.

Begin with carefully considered rental criteria, compliant with non-discrimination laws.Interview with questions that dove-tail with your rental criteria.If something comes up during the interview that reveals the person doesn't meet your minimum criteria to rent, let them know, so they don't waste any more of their time and yours.

Randy Efferson, Chief of Staff Air National Guard, enthusiastically explained how winning the F-35 program will help continue the important legacy of the Red Tails.

The seller likely isn't local and has no idea, hence the tail-covering disclosure.

@Logan Freeman I've dipped my toe into commercial Brrrrs recently and I'd say more people don't do it for a few good reasons. 1) The monetary amounts involved are generally very large. 2) There aren't great lending alternatives unless you're doing a stabilized multi-family 3) People spend their entire professional career in some of these areas so it's a bit difficult for a new-comer to enter. 4) You can sometimes wait 2-3 years between tenants 5) There are underlying things going on with each market to learn, and monitor.A couple examples. 1) The mall in my town went bankrupt and was for sale for a very low price towards the tail end of the recession.

My biggest concern is that the rent is no where near able to cover large repairs to the unit and that I'll end up chasing my tail for this tenant in particular.

You can reinvent the wheel or you can hang onto the coat-tails of an active investor by providing them with something you have (time) and something they don't (time!)

@James FelderThe most important point I can make here is that the tail should not wag the dog. 

Would love to hear more about the topic of selling off partials and keeping the tail, the math involved in that.

He was actually homeless.Very long story shortened I said in you spare time if you want to try it you can do something that will free me up to do other things and you can make some money doing it, and I started him off on the probates and later other things, He did a great job,I taught him to wholesale and he worked his tail off and made money.