Quote from @Kadeem Kamal: I purchased a 3 unit building in 2018, a 2 unit in 2020 and another in 2021.

I went to my local credit union, Wells Fargo, and United Bank and each one turned me down after "checking with legal."  

@Jason Wray who's doing 5% down on owner-occupied 3-4 units?

Moving to a portfolio model—where a pod (1 PM + 2 VAs) manages all aspects of 200+ units—streamlined operations and improved accountability.

will you occupy a unit or will they all be rented out? 

I am currently negotiating on a 12 unit deal and am struggling to make the numbers make sense.

We are building a 10-unit semi-luxury condominium in Brooklyn. 

One client came in hot looking for a multi-unit in Phoenix - they wanted to roll over gains, keep taxes deferred, and jump into a hotter market.

The rental might be vacant for a month,(8% loss) or a tenant might not pay for a month while you pay to evict them.(8-16% loss)  A $1,000 appliance/water heater, or a $8k rook or hvac unit might go out.(5-40% loss)  You should be paying a PM 8%.

If you're going to do that and want cash flow, you'll very likely need to at least make some cosmetic improvements to the units to raise the rents and then manage efficiently.