100% financing sounds great when you're entrenched in multiple other deals and projects and funds are tight.

Since this is an auction deal I have a hard deadline to close.

Also, keep in mind that with a 1031 exchange, you'll have a tight timeline and specific restrictions.

Lending is tight because.

.: @Manuel A Zuaznabarcan you start with a house hackI can but currently multi families in my area run  in the 700-800,000 range so numbers are tight and heavily reliant on the tenants.

If that zero's it out, or close to (maybe you're running a small negative), it should be alright, unless your DTI is extremely tight.

If you can't sit tight till you have the funds to do so.

The insurance market is very tight right now especially on older buildings.Many carriers who have policies on the books will not accept those same properties as "new business" or if they do the rates are 2x-10x what the current policy premium is. 

You need to beat that 10/1/24 deadline before the laws change, and not a good way for you.

To be effective, you must buy the property at a very good price and maintain a very tight renovation budget.