Yes - and even when its out there its typically impossible to qualify (need high rate and high DSCR and typically would have to qualify as a LTR - so almost a unicorn or in a really bad market)

@Robert Pierce That sounds quite typical.

Typically the quality of applicants in the winter months drops substantially as well. 

I think this is just typical discourse for owning property though.

I got the terms mixed with open mortgage (no penalty to pay off early, but higher interest rates) and closed (more typical mortgage with lower rates, but the penalties to pay off the mortgage)...that'll teach me not to post too early in the morning :)

I am expanded my door knocking operation to include other people within my company. They are paid hourly and will soon begin going door to door to offer creative financing deals to home owners. I am curious what is a ...

Small multi are great investments but typically you will not have a home run out of the gate.  

@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This contrasts greatly with most accountability partnerships, as a mentor is typically more respected as an authoritative figure.

So typically 5 units or above.