If you have a relationship and account with a community bank, that is a great place to start instead of a national bank.

I started as an agent while I was in the Army National guard and specialized in working with the veteran community.

It is still relevant but doesn't have some newer finance options like DSCR loans that largely did not exist outside of commercial banks until after the GR (Great Recession.)As pointed out, we in BP Nation don't know your financial means or your skills.

I compared size, amenities, whether or not a property was rehabbed, parking, and location.

Rates as of this posting date vary but are in the 6s and 7s (or possibly 8s if not a top tier credit score or a foreign national loan as considered a higher risk and will be reflected in the rate).

Noise and parking are always an issue with duplexes and multi-unit housing. 

Orlundo, some the nations best commercial and investment lenders may not be located in your backyard.

For an unsophisticated investor like White coat Investors who has 250k to park as a downpayment and let it sit without any upside except for appreciation go ahead. 

Investment Info: Multi-family residential buy & hold investment located a 20-mile drive or 25-minute ferry ride from downtown Boston in the beach town of Hull, Massachusetts, also known as Nantasket Beach.Purchase price: $550,000 in 2016Cash invested: $137,500 from 1031 exchange (75% mortgage)A 14-unit property on a corner lot, and it includes an adjacent lot as well (10,000 sq ft total lot size, double the town median lot size), giving an exceptionally large patio, yard, parking areas front and back, and a storage shed.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.