I like keeping my emergency fund in a cash value life insurance policy, with guaranteed growth where I can borrow against it when needed and repay on my terms. 

This is the total borrowed per property that they will still provide a loan against for their portion. 

It is really cheap to borrow so worth it

The key is to borrow as locally as you can, from lenders you’ve met.Local lenders will understand your area, the prevailing lending rates, and potential obstacles you might face.

I work in the securities industry and would almost never recommend borrowing against securities.

Borrowing, appraisal, after inspection items, shifty/shady sellers, agents that don't know what they're doing or are busy or apathetic. 

My first filter would be comparing the cap rate of the property [this is basically the operating margin of the asset] with your weighted average interest rate [ for example if you borrow $80k @ 3% and $20k @ 9% your effective interest rate is 5%] If your effective interest rate is higher than your Cap Rate, the investment doesn't make sense, at least in the short term.

It is not uncommon for borrowers to have property deeded as tenants in common, so lenders will be familiar with this arrangement.

For 2-4 units with a non-occupant Co-borrower (aka your partner) you need to provide 3% of the down payment from your own funds.Lastly, it might be tricky to have the realtor as a non-occupant Co-borrower.

Original borrower must control or own a majority interest in the LLC.3.