Great to meet you! 

So let's say the purchase price is indeed $252k.20% down, 30 year fixed rate loan at 7.5%Monthly payment would be $1,410Property Taxes would be at least $2000/yr given that it is not homesteaded - so at least 165/monthInsurance will be around 80 to 100/month - we'll say 80/monthSo we are now at 1655/month before vacancy and capital expenses.You quote renting to a Section 8 tenant - I'd add $2400 in cap ex per year then. 

Is it possible to get fixed rate debt for 5<20 unit properties? 

For a reasonable interest rate, knowing today’s markets.

At that point, it's worth researching and finding a solution that better meets your needs.

@David SwitzerThe ADA Guidelines do allow a steeper slope than 1:12 if the site conditions of an existing building can meet the criteria.

I can tell you Hard Money industry is doing just fine, especially now as rates fall. 

The current owners do not have a mortgage, and would sell it to me direct.Since the don't need the cash, I'm going to offer $50k down at a 3% interest at a 30yr rate, but buy them out and remortgage it with the bank at year 5.No money needs to go into it, i have a $100/mon HOA, ~$800/mon escrow.

@Nelson Sbravatti counties are too geographically large to generalize about crime rates.

I did this earlier in the year with a local bank who were running a special fixed rate until next year May.