I have no debt, significant equity, good W-2, and excellent credit.

But 3) Try multifamily specific brokers, crexi and loopnet, although 2-4 units maybe scarce. 4) A home equity line of credit is a good source of funds however it will generally make your overall monthly payments higher, so unless a deal is very solidly cashflowing, a HELOC may put you into negative cashflow. 7) Typically electric/gas are paid by the tenant - however this isn't true across the board. 

Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.

Everything he teaches about personal finances (budgeting, car loans, credit cards, etc.) is spot on.

The industry standard currently is around 70%, but there are some that will go up to 75% or 80%, but you've got to have pristine credit.

Currently my credit is under 515, I know I can fix it but need more income and cash.

Don't know how many times it's been mentioned on here, but the modification of any mortgage is a new extension of credit legally.

@Jaycee Greene I’ve contacted big banks small local banks and I haven’t quite tried credit unions although I have 2 credit unions for which I have accounts (but my experience is that they aren’t offering that much better terms).

Would be interesting to hear experiences others have had..The expectation for rent being used to help build credit has slowly grown over the years.

You might check with smaller outfits too like Co/Lab lending, Preferred Mortgage, Aceland Mortgage, and co-ops/credit unions.