Sounds like there was not a fit in terms of style .. like a Wall Street type trying to hang out with a SoCal surfer type.

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.

Maybe it was just the sales style, but it felt that they did not need my business and that they would not allow any more questions (and I had a LONG list).

Choose plants that are easy to maintain and complement your home's style.

Multifamily rentals help add the extra protection against vacancy and they typically always debt service themselves.You can also focus on amenity style homes or locations to increase your STR ROI and focus on either turn key or TLC properties to speed up the ARV potential.

However I hear the same thing about most rehab owner occupied programs and the rate on fees on this is a lot lower than a 203k or home style.

I do like how detail-oriented the model is, compared to some i have come across.

Clearly his selling style is incompatible with your buying style- move on.

They had found a niche in financing the small mill village style houses common in the Upstate. 

Are you cash flow oriented, appreciation oriented, looking at resale value, etc. what class markets/neighborhoods are you considering?