You will need 20-25% down and a commercial loan for the rest.Most lenders will want to lend to an LLC with you personally guaranteeing the loan.Typically, each MFR would be purchased under its own LLC, for liability purposes.Each LLC would then also need its own bank accounts for collecting rents and paying expenses.

In case helpful, here's more info on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

I make about 60k yearly and I’ve spoken with chase and they told me I could get a 250k loan with 5% down at 7% interest.

Assuming you'd like to get started now, you could potentially qualify for a $300,000 property purchase with 10% down on hard money.

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Construction financing is very different than financing a stabilized property which  generally comes down to rate, leverage and pre-payment penalties.

Would love to connect as HQ is in Austin so I can introduce you to some investors down there. 

Hi All -  long time reader first time poster.I am curious as to how other small/medium size MF investors are thinking about operating their portfolios as we head into the upcoming rate cut environment (however far in the future that may be). 

Where are we heading with Austin pricing?

Loan Modifications Swell 195% in 12 Months: CRED iQ | CRED iQ Blog (cred-iq.com)  Kicking the can down the road.