Most small balance multi family complexes will not yield a 8%+ CAP in today's rate environment..unless they will consider seller financing..with 30% down there should be some options for creative finance solution.

If there are concerns or issues with the property condition or capacity as a vacation rental figure it out within the contingency period and accept, compromise or cancel.

That being said, the bigger issue I'm seeing right now is Beyond conservative and leaning toward fear based investing. 

Yes I own both.seems like non lease issues.

I find distressed multi families, renovate them increase rents and pay myself the 20% down in the form of force appreciation. 

Hello, I am new to the community and this is my first post.I secured a multi family lot to build approximately 16 condo units on.

They have plenty of equity in this primary residence and do not want to pursue a heloc or REFI due to credit issues.

If I had to boil all these down to one issue, I would say it's self-awareness.

I could technically get $332K out, so this leaves a little meat on the bone to cover closing costs, potential unexpected rehab issues, etc.

Now that Fannie/Freddie have gone back to 5% down on multi units, as long as you have good scores and dti, conventional may be the best option.Be careful of lenders promoting no PMI options.