The HOA covers all water, flood and building insurance, internet, bug spraying etc. and it's $1562 a month.

Sounds like a risk to your relationship.

I had built a new build on Aiken  First modern design on that side of town ;)

Looking to build a team to manage our apartment complex in Dallas remotely. 

Building Details:- 2 on bottom 2 on top - 3/1.5 ba 1100sqft - 7 yr roof - prob $35k - 50k total work/updates to make awesome.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.

What are the ways to reduce putting down payment amount less than 25% for multifamily buildings with 6+ units?

The Seller clearly doesn't need the money immediately or he would have evicted these tenants and replaced them with renters that actually pay rent.I would offer to purchase the building at the listed sales price.

My background is in build software, when my last company sold I got into real estate and didn't like the options.I'd love to hear about exactly what you are looking for, even if you don't use our product.DM me here if you are interested.

Hi Corbin,The spreadsheet I have uploaded in the BP file place is our Lite Version which includes the Rehab Analyzer & Estimator tools for analyzing rehab deals & estimating rehab costs.The Basic Version you mentioned adds in Reporting so it basically takes the data you enter into both of those tools and generates a printer friendly Investment Report & Estimate Reports that you can print and give to your business partners or lender.As far as Project Management, there are plenty of general Construction Management software solutions available for managing new home builds, remodeling projects, etc, but often times those tools are specifically built for Contractors that are working with homeowners.  

I am looking for suggestions on how to host these on a platform using AI and other new technology to help people match with a lender or build a list of investors for multi family, self storage, assisted living, short term rentals, mobile home parks, new construction etc.