Micah - I think the loan size mentioned by EJ is real...

Can you qualify using employment history, tax returns and DTI?

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Nobody really knows how low they'll go but I agree with predictions of 20-25%...and I wonder what Agents are doing to make up that delta in their revenue.We diversified well in advance knowing we needed to create additional streams of income, ideally by simply focusing on what we control, the size of our roster, and more effectively monetizing all of our current transactions. 

Your income is a function of your portfolio size in dollars (more important than number of doors!).

This can be hard to manage if you have a larger property with a regular size washer.

My house has a basement with one bedroom, a bathroom (without a shower), and a good-sized laundry/office space between the bedroom and living room.

I think think the size and amenities are going to be your most important. 

Local bank or credit union would be the best fit on a deal this size.

Expense ratios vary dramatically depending on project size, age and other factors, but basic rule of thumb is the smaller the project the higher the expense ratio's, using a 33% expense ratio for a small facility (less than 150 units) is optimistic, smaller facilities are probably closer to 40%.