Must meet self sufficiency test for 3-4 units on FHA though, which alot of properties in higher cost areas do not meet.Conventional allows 5% down on 2-4 units.

It’s a solid option if you’re confident about refinancing before the higher rate kicks in or if you want to save more month-to-month early on.Option 2 (3.5% DP, Permanent Buydown): Lower upfront costs free up cash to invest elsewhere, and the 5.4% permanent rate adds predictability.

Hello, 
I have a small multi-unit rental in Adams County, Colorado.  I have a tenant that is not paying rent, and won't answer phone calls or texts, so I need to start the eviction process.  The process is new to me,...

Yes, if you are confident in your numbers....particularly the repair/reno numbers. $20k is not much and will be eaten up real quick.

My total expense ratio on each property I own ranges anywhere from 40%-50% annually, but I also self-manage and am not a slumlord (I am pro-active with maintenance, not reactive).

@Jason S.I can give suggest a plan for the next year but it requires tremendous self-discipline.

Are you planning on self-managing or do you need to hire a property manager?

My front is similar with packages delivered most days and being very confident if delivered to the front door that they are very secure.  

Keep researching, asking questions, and connecting with experienced investors here—you’re in the right place to build your knowledge and confidence.

If it's tight or you're uncomfortable with the tenant you have in there from a confidence perspective, especially if this is a first deal, maybe meet in the middle and get a lender at 75% or 77% (doesn't HAVE to be at 5% increments) that wont make you season, and leave a bit more money in the deal, but sleep better.Overall, if I cash flow well, have/keep reserves, and am comfortable I fixed everything in the house, I like to max out the LTV on refi.