If you're going to need a mortgage, you're locked out of the game. 

Many have pulled out of insuring multifamily properties or only cover up to 4-unit buildings.While Allstate doesn’t have a unit cap, they do cap total coverage at $750K on a landlord policy—which is why I’m exploring options for supplemental coverage.The carrier raised my rate by ~86% on all three properties under this policy.

Traditional 30 year fixed mortgage How did you add value to the deal?

Depends on the brokerage you have, but the one we use currently has a rate at 5.83% at 50% LTV.

We only get a statement from the management company about the rate.

We are planning to hold it for 5 years and bought a rate cap to cover the entire hold period. 

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing. 

Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes.

Owner carry financing, hard money for renovations, then refinanced into a long-term mortgage.

This, in turn, allows for higher rental rates or quicker sales, directly impacting the ROI.I could remember when an investor purchased an old, three-story commercial building at  a bustling downtown area.