The first step is ALWAYS trying to have a conversation to understand their situation.

Over my career-span I have completed about 84 conversion project's, turning SFH into MFH. 

I was able to have an educated conversation with the mortgage broker at the bank thanks to everything I've learned so far. 

@Frank Patalano - Good conversation starter, so let me give you my vote!

Also, have a conversation with 2-3 lenders that you trust.

@Leah Lowe feel free to connect or message me if you would like to have a conversation 

In every jurisdiction that I've seen, GPs are required to provide this information.Snippet from the investment brochure that @Evan Polaski linked to: "The Current Owner purchased the property in 2021 as a Co-GP andprovided GP equity and balance sheet support to the Operating GP.The Property underwent a renovation and unit conversion plan thatincreased the number of units to 584 and experienced strong leaseuppost completion.

Based on our conversation, I think he could put down 45-55% of the PP

He was driving said he could get it done but it was hurried conversation. l sent everything over but having misgivings about the loan and how much it costs and if its wise to do another credit check to find out we dont have quite enough.

It amazes me nowadays how people will throw money into a market and not spend any time in it(pre purchase) then wonder why it didn't work out.we literally purchased our second stilt house by walking up our stairway and the owner (of our now second str there) was walking up there stairs and we struck up a conversation and purchased it off market.My advice, allocate some of your investment funds to knock on doors and hang in the area you buying- its priceless.