Or should I just look for the down payment of the property which will be financed with a banker?

Last year I came up with a brilliant idea (so I thought), I'd take some of the Title's to some of the property Willie Investments LLC owned and hawk-it to my Banker for a credit line, in which I would then turn around and purchase auction property.  

I would say you need at least another year or more .50 to 100k does not cut it more like 500k in cash in the bank will raise and eyebrow.lastly its all about relationships.. in all cases I had personal contact many lunch and follow up meetings with my bankers..

I have several meetings with community bankers in the next couple of weeks but I think it's a long shot. 

The key is to go to the market and invite the bankers to lunch/dinner.

So the multifamily property that I'm considering is between $1.3 - $1.6 million and the rates that I have gotten are between 7.15% from brokers and 7.5-7.7% from bankers. 

You should ask for the commercial banker at the bank that has the mortgage on the property.

I like the area because I have  good relationships with local realtors,  property managers,  bankers, and contractors.Let me know if anyone has any questions. 

Currently at 4-5% over last year.Annualized sales continue to present a more nuanced story: 1-fam sales continue to decline with 2-4 fam properties continuing their uptrend.As a reminder, this is data collected directly from the Middlesex North Registry (meaning, not estimates) obtained through a subscription to Banker's and Tradesman...

I look to develop relationships with my bankers and go from there but understand they are not the most flexible people based on the law and regulations.