There are a handful of banks that specifically focus on the Profit First model and have their accounts built for it.The first is technically not a bank, it is a fintech company that partners with a bank to hold the assets.

Thanks.Hi Wendy,Balancing the need for significant repairs with financial constraints is tough, especially in the current real estate and economic climate.

My goals have always been to build passive income leading to financial independence (which I've been fortunate enough to achieve). 

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.

In my opinion, every place, every strategy, every asset class, etc. has investors in it making money AND losing money! 

If you know from prior research that assets like that, in that market, trade for a 7.5% cap, then it's as easy as $70k / 7.5% = $933k.So $933k is your starting place.

Still I consider my health my absolute greatest asset, aside from perhaps my close relationships.

There is competition, but plenty of assets are sold daily.

Buy 4 more properties - one approximately every 3 months, based on the following logic = always fill existing property with a tenant prior to moving on (I'm new, and this is my way of managing risk); build resources to purchase next property (I have pretty decent purchasing power right now through conventional lending with my current job, and I also have a private lender ready to loan on my next property, and I also get a quarterly commission check that provides a nice financial bump every 3 months); finding a property takes time, but it is worth it to find the right property in the neighborhoods I want to invest in, at the right price.

To offer asset protection and liability insulation, think about establishing a limited liability corporation (LLC) or other legal structures.