Also seems like a lot of MF sells occupied with tenants in place so you just have to comfortable with that and contracting up from and seeing inside after contracting.    1st step is to find a great lender and get pre-approved for a loan so you know what your budget is. 

Purchase price: $240,000 Cash invested: $60,000 I purchased this duplex in distressed condition using owner financing for $240K and secured a $60K hard money loan for renovations.

If you’re looking to finance a rental purchase, a DSCR loan could be an option, as it focuses more on the property's income rather than your personal credit score.In the meantime, you can get your current property rent ready while also working on improving your credit.

Used an FHA loan as owner occupying with a 3.5% downpayment.

All this does is report their payments to the credit bureaus like how your credit cards or car loan company reports payments to the bureaus.  

, also have a good lender if you need one for bridge loans. 

.✅ Talk terms, not deals – Discuss general loan structures, interest rates, and process.✅ Build a lender list – Pre-vet lenders before bringing them deals to avoid public solicitation issues.4.

I wouldn’t want to hold the loan for too long, so ideally it would be a 5 year term, presumably ballon payment at the end.

It is easy to underestimate the timeline.It is easy to underestimate loan costs.

You will have to verify those yourselves to ensure you end up with correct operating expenses.Quote from @Andrew Newcomb: Just following up on this in case anyone is still following:I learned about "cap rate" and "cash on cash" metrics in the BP learning articles and watched a couple vids on the BP rental calculator showing how it calcs those metrics for a prop (you have to add the details like loan info, expenses, etc). very cool tool.