Thank you Ben for this, wow really helpful and inspiring me at the same time! 

Would it be worth it for me at a 7% interest rate if I keep those units rented out?

Hello, most of you have probably met me at one of the meet ups in Portland, Brunswick, Biddeford and sometimes up in Lewiston / Auburn.

This thread has been one of the best advancements I've made in the advice I am receiving as well as the opportunities it is presenting me at speaking to folks. 

There is so much information out there and this does a great job of honing in on the meats and potatoes.

Deals are often made and not found and many deals with enough meat on the bone are derived from marketing to potential home sellers before they are with a RE agent or on the MLS (off market).

You might ask some probing questions- you cannot have a 5% down payment on a conventional loan for a multifamily, you can only do that with FHA- there may be a down payment assistance program in your state that allows it, but I've not heard of it being a possibility. 

This is why I moved into hard money but basically I have a small base salary that I specifically negotiated to qualify for stuff like this but the bank qualifies you based on if you max out the LOC which if I did it would put me at 50% DTI or so with just my mortgage and HELOC.

They did work for me at a rental property we recently sold.  

She said she felt like it would be a great neighborhood if the absent tee landlord across the street would just clean up his unit.Sensing a "driving for dollars" opportunity, I pulled the tax records for the house and sent the owner a handwritten note telling him that I was interested in buying his rental property.While we were on vacation in Mexico (see picture), the owner called me and said he had 3 properties in that neighborhood that he would sell me at what I think is about 70% of their current market value.