There is a misconception that "intent" is sufficient, which is just not true.

@Jessica HuynhWith FHA, you also have the ‘self sufficiency test’ for 3 & 4 plexes which is an additional hurdle that most can’t get over in higher priced markets.75% of the entire rental income must cover PITI, which is why a lot of multiplexes don’t qualify for FHA loans without a bigger down payment.The only way to get 10% down programs will be with local credit unions and community banks that offer portfolio/ ‘in house’ loans for owner-occupied plexes.

The Self-Sufficiency test makes it pretty much impossible to get a desirable property with less than 10% down.Single Family REITS have also greatly outperformed multifamily in the last years and now institutional players are getting involved.

I don't have enough cash to do all the septics, a down payment and still have sufficient reserves.Just wondering if it might work to get a mortgage for part of it which would take care of down payment and then some, seller financing for the rest and then do all the septics at the same time.  

As well as a screen shot of a bank account with showing sufficient fundsI text.  

With that constraint I'm looking to ensure I've got sufficient funds set aside so close on a second property to be our first rental.

As long as you carry sufficient reserves, it's a great way to grow wider faster.

There’s a barrier in the business of getting bank loans, the investment qualifies itself, but the bank requires someone that has sufficient net worth in order to sign on the loan.  

I'm not simply looking at a snapshot of the present rent and dividing it by the purchase price although this is better than nothing, It is not sufficiently sophisticated for me to make smart decisions as to which properties to purchase.

The huge demand for medical laboratory commercial space in the Greater Boston region is astounding.I'm looking for fellow commercial professionals who have utilized any specific calculators/software to analyze commercial deals.I'm not simply looking at a snapshot of the present rent and dividing it by the purchase price although this is better than nothing, It is not sufficiently sophisticated for me to make smart decisions as to which properties to purchase.I'm looking for a tool tool that can quickly take all factors into account such as mortgage interest and depreciation allowances to work out the true effect of our returns.I know it's impossible to expect any piece of software to give me a green or red light with regard to property acquisition.And realize a deal is good depending largely on the circumstances of the investor.