When acquiring these old gems, or objective is to improve their energy efficiency by a minimum of 50% (40% on newer, post War houses) while updating the building to provide modern, healthy living spaces for our tenants.  

you as the lender can choose any reasonable DTI, 50%, 48% or the mentioned in DF's 43%.  

@Hans Wold I've heard of people wholesaling 50+ unit apartment complexes.

I started with Wells Fargo as they are my primary bank and I have a good relationship with them.Is there a general rule of thumb for interest rate offered by banks, big or small?

However, you can take a loan against your 401k (I think max is 50% or $50k but not sure)

Insurance is $50/mo and the taxes are $60/mo.  

Do these number Monthly Gross Rents $ 4200Monthly Expenses  Vacancy       $ 336 (8%);  (including here since 50% rule includes vacancy as part of expense)  Prop Mgmt   $420 (10% of gross rents)  Insurance     $208 ($2500 yearly; quoted by insurance agent)  Prop Taxes   $680 (2.9%/year of assessed value; actuals; eats up 15% of gross rents)  HOA fees      $330   Maint Reserves:   $420 (10% of gross rents)  Maint/Repairs       $84 (5% of gross rents)Total Expenses : $2478 (59% of gross rents)  NOI:   $1722  Mortgage: $1215 (25% down @ 5% interest)Approx Cash Flow: $507/month (about $125/unit)Cash-on-Cash: 7.2% (Assumes 25% down + 3% closing costs as initial cash requirement)Thanks,Jacob  

Hi @Patrick Everett, if you are an accredited investor, you can buy into institutional grade multi-family $50-125M projects with as little as $100,000 and diversify.

@John McAuleySpecifically, the transaction you mentioned would be in violation of the following prohibited transaction rule."

Usually like 50 or 25 bucks etc.It sounds like you want someone to say everything will be okay for you to evict.