Your competing with big national lenders that are offering financing with low rates by buying the rate down. 

have you narrowed down to a handful of markets? 

- $500,000 Purchase Price- $0 Down Payment- 4% Interest- 30 Year Amoritzation- 10 Year Balloon- Monthly payment: $2,387Since this deal was so good, with no money down, my acquisitions manager is getting 20% equity in this property.

I'm not sure if it was the best financial decision but now I'm looking to buy another rental and have some money put aside for a down payment.

Seems like you have a good head on your shoulder thinking about this now. 

If you do 5% down, you also have CMHC insurance which adds up quickly. 

I would get that out of your head as a way to make up for a poorer performing rental.

So we'll just duplex unit 1 down into the basement and keep it as the legal 2 unit that it is.

Denver has been a very solid market over the last 10 years and looks to continue the trend as migratory patterns continue to head that direction. 

We also knew how important it was to negotiate down payments and recourse clauses, which made the conditions good for our business plans.It's not enough to just get what we want; we also need to set ourselves up for success.