Assuming you don't live in one of the units, you'll likely only be able to go up to a 75% LTV on a MF.... or at least that's all I've been able to find while talking to lenders and researching online.

The place has appreciated but the main reason I pulled the trigger when I did were the numbers seemed safe.

Multifamily is considered a really safe asset right now.Your best bet is trying to find an off-market deal or possibly purchasing something through probate that needs repairs.We just bought a 4plex in Riverside that had some upside and we pushed it to an 8 cap after one month with a few tweaks.

I use an online property management tool to manage it that I have found to be helpful.

You had to pay $99 a month to have access to the office and some online platforms.

Go online and check the Franchise Tax Board a d IRS to get detailed info on what you can do.

I found him online and will give him a call. 

If the owner, completes the steps in the redemption process, they can get the property back....Seek legal though to be on the safe side and Denise Evans in a well-respected pro and offers a class.

FHLB 5 year rate is 3.08+2.25 spread (YMMV but it will be similar method of computing rate) so at least 5.4% I'd bake in 6 to be safe as these can take a while to close.loan fees--call it 12KClosing costs will be a lot more than 3K--you need an appraisal at least at 1500 and maybe more, you will need the partnership agreement drafted (welcome to lawyer land!)

This just happened to a fellow investor who's tenant abandoned and damaged the unit--he used a lease he found on line and was unable to go after the tenant for damages.