Last year we were able to connect an investor of a coastal six plex with our personal credit union and due to strength of borrower and property, they provided a non-member with a 25% down mortgage with a 25 year amortization on a property the seller was requiring 'cash only' due to the presumed challenges of multi family financing. 

Purchase price: $25,000 Cash invested: $5,000 I bought this property in a package of 4.

That property would never cash-flow with today's interest rates.   

You are buying the property with a cash flow-that's great!

Purchase price: $177,000 Cash invested: $68,000

I understand that we all would like to be able to buy cash flowing rental properties at a low interest rate with zero deferred maintenance and sit back and collect checks.

Balance of current loan with private lender is about $470k.pro forma (and actual cash flow) runs about $1200 net each month.Property is owned by an LLC of which we are the two members.Last week I got a quote from a company for a DSCR loan for 9.25%. 

The current interest rate environment has put a damper on a lot of investor's plans to execute a cash out refinance. 

In fact with a slightly higher credit score and full documentation income lenders are going to 95% CLTV..SFR not condo..check in with @Joseph Chiofalo he's helping several clients with cash out HELOC's and fixed seconds currently. 

Purchase price: $177,000 Cash invested: $50,000 - Single-family home in a Residential area near the University of Rochester- Purchased flipped home without inspection, many costly hidden issues revealed after closing - Currently rented for $2,200.