Getting debt financing for apartments (5+ units) is very different than debt financing for single family dwellings (4- units).

The listing says it’s zoned R-1 though, which I’ve seen is for SFH dwellings only?

My goal is to create instant equity, get 3-5 years of accelerated debt-paydown and end up with huge equity (or paid off properties)...typically selling or paying off the property at that point.

This is what I love about BP INSTANT FEEDBACK.

personal choice most rentals are bought at or above market.. especially if they are out of state investors.5 to 8 years ago the vendors I funded who sold turnkey would advertise instant equity etc.. and that was generally true vis a vi a rate and term refi..

So if I'm a local LO and want my reputation among local Bay Area Realtors to be that my preapproval letter is as good as gold, the wonky ones are full TBD Approvals even if it means I occasionally lose business from one of my fellow perpetually impatient "now now now" instant gratification-seeking millenials. 

For AZ, TX  and some other areas there are HOAs for SF dwellings. 

They’ve paid $30k instantly twice on two toilet supply line flood claims at two different homes. 

(a) In every transaction wherein an application is made by a prospective tenant to lease a dwelling unit, the prospective landlord or owner of the dwelling unit shall not ask for, nor receive, any "assurance money" or other payment which is not an application fee, security deposit, surety bond fee or premium, pet deposit or similar deposit reserving the dwelling unit for the prospective tenant for a time certain.

But when I look for the nickname, it instantly pops up in my head