What is the expected per unit vacancy percentage for multi family properties?

10% equity means I own that percentage of the llc that holds title to the property.

Or do they just require a percentage down and the rest later?

Many charge a percentage of collected rents. 

@Rita Bautistathanks for the tip and I hope to use that information down the road. for my first purchase I'm going to use a fha, low percentage for money down, it's targeted population is my age range and most realistic I feel for my initial dive into real estate investment.

If you're 5+ financed properties then your LTV or max loan percentage drops 5%, 6 months reserves on all properties financed that are 1-4 units, and 720 min fico.

purchasing as an Investor vs an owner occupant I am trying to find the most recent and current guidelines for 2015 , as far as the required Down Payment percentage wise, if I want to purchase a property as a Investor vs as an Owner OccupantI know that it use to be 10%  Down Payment for HomePath propertiesand with HUD, I may even be incorrect on my thinking, but do they eve allow Investors to purchase properties ?

Some people do not want value add headaches or the risk for the extra percentage yield and equity growth.That is why I say you really need to talk to a few people to see what you are trying to do makes sense for your goals.

Sure you can adjust the percentage up or down depending on your market, but if your goal is to invest for cash flow, then it seems like you need to meet a certain baseline rent ratio before an investment will warrant further consideration.If that rule is met as a screening criteria, then you dig in and start running the more detailed numbers to determine if the returns are actually there to make the investment worthwhile.

With a local bank they want full recourse forever but you can negotiate say if you bought with three partners that you are only responsible for a certain percentage of recourse and that you want the recourse to burn off completely once a certain LTV is reached.