@Jordan Kaylor @Jeanette Land    Seasoning requirement is a industry term for waiting period.

Hi Willie, I think it would be best to wait until you have more capital to put down for a multi-family property. 

Several have mentioned utilizing low down payment second home loans for qualifying.

Still waiting.

As I mentioned above you are JVing on the deal when you bring in the EMD.

So, they can markup what they paid out and keep the difference.Most PMC industry software has these two options built in.So, it's just a matter of understanding how your PMC is marking up maintenance and not expecting it to be for free.Regarding the specific charges you mentioned - there has to be some level of trust with your PMC. 

The location all in,cost him X; he got an appraisal for the bank from CBRE national firmof XX and now the firm who called him mentioned paying XXX.

So it's a waiting game for that property until you have enough to do a cash out refi.

The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready). 

.: I'm waiting on a seawall permit which was filed last month.