@Ben StanleyIf you have to use 401k funds for a down payment, then you are not financially ready to buy a house. 

You can speak to the lenders you are talking with about their debt to income etc. if you are getting conventional loan they will take that into consideration, if you go with a DSCR loan they look more at the metrics and financials of the property.

You won’t be surprised that many states consider that pretty penny a critical component when calculating these payments.As with any financial analysis, it’s essential to understand how to break down the numbers, especially regarding child support.

I aim to create a steady stream of passive income and achieve long-term financial stability.

While I don’t know your personal financial situation, I can tell you that a certain amount of capital is necessary even if one were to pull off an IMPROBABLE very highly leveraged purchase.  

We currently are building a SF with the financial help of a family member.

All 16 units would have to remain on same lot/deed forever (so in terms of value, I can’t capitalize on the duplexes being sold to conventional non commercial buyer) think financially it would be nice to phase it out one duplex at a time.

Wait for a stronger financial picture and speak with lenders to get pre-approved for higher loan amounts or favorable interest rates.

3) What would be the best way to get a mortgage on a new LLC, would our stake by our existing LLC create an issue for financiers?

But everyone that makes a commitment, and truly utilizes the community, will get accelerate their multifamily journey and begin the path to financial freedom.