A lot is going to depend on how you're situated and how that matches up with the loan products they offer. 

Who has products in the space and what options are recommended?

@Paul O'Connor Flood insurance is not a good product and sucks the cash flow out of what should be a profitable property as you are experiencing.

Although I am happy with the finished product, I feel like we could have done more to increase the appeal.

Hello,I am looking at multiunits in the Boise area, but will need to finance a portion of the purchase if that is possible. From what I am hearing it is pretty darn competitive. I am looking for loans based on the fin...

@Jeremy Lee if you know the product you need but just need it in a specific state try posting in that state forum.

@Tom TomásThere are two loan products that could potentially fit your needs.

Most product is 2 to 4 units residential duplexes to quad's or much larger properties.In AZ some people are putting up non-refundable earnest money of six to seven figures depending on the deals.You will have to put in the time and make tons of calls.

If there is currently a loan on the property, you should be able to rate term refi for a much higher LTV than the cash out limitation you cited.If you did it with cash, find a hard money lender that will give you a short term cash out type product and then once you have the lien recorded you can rate term refi it as above.Selling or leaving money in the deal is an option in either scenario.

I ended up turning one of my units into an AirBnB during the pandemic because I couldn't rent it out even after dropping rent $200.I still think if you have a nice product in a nicer area like Wicker Park you should be able to get it rented....really timing is everything and sometimes you are luckier than others.