The higher you go in price, the ratios get too hard to make it work without leaving as much money in the deal as you would a standard down payment.

A prudent investor doesn't seek quick riches through shortcuts.

It depends on the deal.

My partners and I subdivided the property into two distinct rental units:Unit 1: 2 BR / 1 BAUnit 2: 1 BR / 1 BAGiven this setup, the property is now being used as a multifamily dwelling.

I am going the exact opposite direction, we have two accounts.

Solid work, that was the best move to keep it straight through escrow. 

Once you read the explanation below, you will understand how REALLY bad things can be if you don't get the letters but go through with the purchase.First, the owner/seller should have a clause in the lease requiring tenants to sign (or object to in writing) tenant estoppel letters if presented to them.

I'm under the process of buying a house, not using a realtor.Contacted the seller through email and responds to me always.

It seems to be but the pricing is just way higher than the alternatives. 

The new pref equity is given priority to the original pref and/or common equity.