During the recent period of low interest rates I acquired some rentals with a 15% down payment in order to stretch my cash further toward down payments on additional properties.This helped with the down payments and my math showed that even with a little higher interest rate compared with 20% down and the PMI until I was able to remove that this would still be the wiser choice. 

Property is located in Illinois.Here is where it stands as of now:- cash out refi about to be complete.

Small multi family is generally the most attractive asset class for out of state investors here as it provides a nice balance of cash flow with reasonable purchase price

Purchase price: $75,000 Cash invested: $125,000 Concrete House 4 Bedroom 1,700 Sqft. all Renovated, in a 5,000 sqft Lot.

I may be overthinking this - I've just never had this much cash on hand and it makes me a little nervous!

.- The partner brought in a cash contributor for his portion (let's say A, who got 50% of my partner's profit, basically 25% of the profit) to the deal and put a lien on the property.

Profit DistributionInvestor Contribution:Labor and Materials: $70,500Upfront Cash : $40,000Total Investment from Investor: $110,500Profit Above $180,000:Low-End Profit: $97,300High-End Profit: $120,800Profit Split (50/50):Investor’s Share of Profit (Low-End): $48,650Investor’s Share of Profit (High-End): $60,400Your Share of Profit:Low-End: $48,650High-End: $60,4007.

I plan to access some of the equity in my home, along with cash on hand, to purchase and reno property.  

I manage two single family residential, that are low maintenance and collecting 10%-11% cash flow.

I currently own a property under a USDA loan, which has $100k in equity and generates $250 a month in cash flow from rent.