It can be done, but I'd suggest remembering to constantly assume that you are the ONLY person you are speaking with that actually cares either way if it goes through or not. 

At least I remembered to put the seat down!"

The ideal outcome is that you get two or three from each person and you see a name repeat a few times and start with those.

BP Experts,  First of all, please remember that "referrals for lenders or loans must be placed in the BP Marketplace"...so don't reply with that here. 

What I’d ideally like to do (because it makes the most sense) is: close on the property.

Request a whatever numbers the person has, ideally a rent roll, P&L for the last 2 years, a list of major upgrades.

Remember you have TN Sales Tax, local sales tax, and lodging tax that are passed to your renters.

I had more than on contractor borrower of mine that finally figured that out got enough equity from relatives and now they are doing quite well and no way we can compete with them.but you start moving up north of 750k to purchase and unless your in the Bay area or prime LA  that does knock out a lot of competitionand you also have to remember this poster is paying CASH  HUGE difference as she has no cost of capital most of us need to borrow and if your borrowing HM which 95% have to as banks really don't service this niche ... her carrying cost ona say 700k project would eat up 20 to 30k EASY.. 

Ideally, we’ll jump into the multi family game in Wilmington, but for now we need to find a place for our family.

@Nicholas_Weckstein thank you for the small MFR breakdown.Is the 25% down necessary or simply ideal?