You need to make sure you're working with someone whose sending you personalized deal flow that actually meets your buying criteria.

I've talked to a ton of lenders and if they know it's an investment property, you're looking at 15-20% down minimum (non owner occupied).

There's also no Personal Property coverage, which is not a deal breaker to me.

@John LasherI don't know your exact situation. 

If the numbers work when I run them, I know reality should only be better.ActualsPurchase Price $227,500Interest Rate 30 year conventional 6.375%Homeowners Insurance = $920.21Rents = $1,900 per monthTotal mortgage + escrow = $1,182.58 per month with rents at $1,900 my actual cashflow is $717.42.Additional numbers behind the dealTotal cash to close = $87,475.55Down payment = $80,000Homeowners Insurance - $918.36Rate Buy Down 1.283% - $1,892.43We paid to lower the interest rate by 1.283% over the course of the 30-year loan.

Hi Vijay, Can you provide pics, the zip code and numbers so readers can evaluate your deal? 

For a while I looked into medium size deals like 30-50 units in class B neighborhoods, but ultimately could not negotiate a deal to the point where it would have made financial sense.

Some people, you know what I mean!

you know you get a good hail storm and the storm casher/roofers are out in force telling everyone insurance will replace your roof.. they cold call you..

Use your equity without a bank  to get your next deal done.