There are lenders who will do 15% down, but the terms will make the loan impractical in the vast majority of cases. 

Feel free to reach out if you want more details!

So I looked for a large MF portfolio in Columbus, OH and found this 48 unit package: https://www.realtor.com/realestateandhomes-detail/299-Mayfai...?

Would a cash out refi be under commercial terms since the property(s) are under LLC?

The devil is in the details. 

Are you doubling down on short-term rentals in tourist-heavy areas, pivoting to long-term rentals in growing suburban markets, diving into value-add multifamily properties, or exploring something completely different?

I would have contacted the locksmith tech to get additional details before assuming it was tenant damage.

Make the offer appealing by highlighting the short-term ROI from his renovation expertise and potential profit-sharing during the partnership.

Typically the regionals / local banks will give you the best terms on HELOCs.

You’d need a clear exit plan and enforceable lease terms to protect your investment.Think about the following:Tenant Risk – Can they truly recover financially, or will you face another eviction situation?