I don't see the need in financing at 7% or higher if you don't have too.

Must meet self sufficiency test for 3-4 units on FHA though, which alot of properties in higher cost areas do not meet.Conventional allows 5% down on 2-4 units.

Ok, so I separated this one out (and I just found it) for those with a higher end rental.

Hard money loans are popular for covering both purchase and renovation costs, though they come with higher interest rates.

48,000/300,000 = 16% ROI60,000/380,000 - 15.7% ROIAppreciation:Renovated single family = 33% appreciation potentialConvert to Quad = 31.58%So in both calculations your percentage return from gross revenue AND appreciation is higher renovating the single family.

They are two distinctly different things and that's what trips up most lower income housing investors. 

I'd ask around some GC's that are higher level they may have some decent project management/financial tools if they're at scale.

It’s a solid option if you’re confident about refinancing before the higher rate kicks in or if you want to save more month-to-month early on.Option 2 (3.5% DP, Permanent Buydown): Lower upfront costs free up cash to invest elsewhere, and the 5.4% permanent rate adds predictability.

They have some things designed for higher end investors.

Also the tenants job turnover seems to be much higher.