@Josh RicordHow much of your 20k savings will you use for the down payment + closing costs? 

As a result, even if you put your number on the National Do Not Call Registry, that company may call you for up to 18 months after your last purchase or delivery from it, or your last payment to it, unless you ask the company not to call again.

Get written proof of rent payments for the units, and you could try to get tenant estoppels.

What does a Private Lender get out of loaning out 250k in exchange for 360 payments of 2k per month? 

Demand proof of payment on every unit for the last year.  

However, some lenders may have stricter requirements for multi-family properties, as they are considered higher risk due to rental income fluctuations and vacancy rates.To improve your credit score, consider paying down existing debts, making timely payments on outstanding balances, and avoiding new credit inquiries.

Commercial loans are typically shorter terms with a balloon payment at the end of the term and are more strict regarding the cash flow and investor/owner finances/assets. 

Lots of tenants will try to use it as leverage at a later date....when they leave and you dont give the full deposit back.....when they are late on a payment..... when they screw something up and you make them pay for the repair. 

Do you have issues with payment reader? 

I am assuming you are comparing mortgage payment to rent?