There's just a powder room on the 1st level then a full bath on the 2; hence,the reason for this point) 2. convert that laundry room into a closet and have that room rented out. 

Hence the large amount of “dry powder” everyone keeps referring too.

If not, then I would pay down/off the truck and then sit in cash (dry powder) and wait for the right deal

It's in the 38116 zip code. 5bd, 3.5 baths with a few extra powder rooms and 4500 square foot of space.

Powder coat that is baked on would be the best,but lets get realistic on what you will actually do.

It was like powder when touched. 

You have a lot more dry powder if you put less money down, but maybe you don't need it right now.

For small MF, this might be the first opportunity in several years to compete in a loosening market.No question that the state of affairs is changing, so we watch the statistics of the Cromford Report, our local market analysts whose charts serve as our real-time real estate EKG.There is great growth ahead, just look at the companies you mentioned, so this hiccup is a potential boon for careful investors who’ve “kept their powder dry.”Melanie

Currently I'm sitting on a lot of dry powder.

In speaking with other investors in the area, there are lot of cash investors or folks with a lot of dry powder eager to invest in local multi-units but simply can't because there aren't that many properties out there.