Thanks Ask the seller to carry the note (owner financing) for a short period of time while you find other permanent financing.

Seller wants 250k down, 130k annually, and will carry the note for 20 yrs. 

Carry’s a 6 month jail sentence.

The rest goes towards our mortgage or vehicles and we carry no credit card debt with a combined $14k we owe on both of our vehicles.We are now looking to start purchasing rentals to expand our portfolio.

You definitely don't want to donate your sweat equity to the owner or hard money lenders, so you may need to find a partner to carry the financing.

It caused some stress as we were carrying two mortgages for a few months and we lived a few hours away from the property.

Plus then they'd scrow for taxes/ins which I hate -- and I'd have to carry ins which I hate, etc.).I did sell my first multifamily (damn it I want it back) but own my 2nd-5th multis still (everything after that was mostly sold to buy more).

A 2% property carries much more risk than a 1% property.Baltimore, which is a high risk market you can easily achieve 2%, and sometimes 3 or 4%

The drywall and carpet needs to be replaced (at a minimum).We were carrying force-placed insurance.

You need about $80K in cash to buy this thing, unless the seller will carry some or all of the financing.