Hi Chris, Most Ground-Up lenders are capped at 85% LTC.

Due to high premiums, expenses increase, and cap rates and cash flow potential decrease.

Hi @Briley RoeNice to hear that you made the first step in investing.Looking at the deals, I would need more information, but per the data that you have, the Cap Rate is within a good acceptable amount.Cash on cash is low, but depending on the area that you are the appreciation will catch up.

.- Portfolio Caps: Fannie and Freddie’s tight lending portfolio caps will likely be removed.

I'd like to take this time to schedule a brief call 02/17 at your earliest convenience to delve into more detail as far as how I can quickly analyze and find properties that meet a minimum cap rate.

You’ll lose any property tax caps they may have enjoyed and be increased to the non-owner occupant tax. 

Condo can also be a good option if only have $10k just make sure it does not have a rental cap, I have sold a few condos to investors who move out after 12 months, rent it out and then buy another.

Even at a high cap rate you've got several million dollars of market value here, so I'm curious about your base numbers.

The reason I say this is that with a 5+ unit a lender will evaluate based on NOI and a cap rate, so adding a 5th unit COULD (or could not) substantially increase the value of the building and make it worthwhile to refinance and pay off the existing loan (that is tied to the "old" quad) anyway.

Quote from @Blake Johnson: It sounds like you have a great cash flowing property with a cap rate of about 16-17%.