There are lending programs where you can purchase 2-4 units with as little as 5% down payment, however, this program will require a minimum FICO score. 

It may require having the job pre-inspected to get that determination.Unpermitted jobs will cause you problems when you try to sell the property because the appraisers look that stuff up.

Nice work if you can get it.4/5. yea some states require a registered agent and have a fee OKThe rest is crap.

If you do cash out refinance it would allow to only get to 75% LTV around the high 7s with some points, they would still require to be 1st position.

Thank you  @Jamal L. those are very normal terms and requests when negotiating commercial leases that require tenant improvements.

Thanks in advance.Fannie Mae & Freddie Mac are out because they both require mixed use properties to be a one unit dwelling.

Yes they are required to clean up immediately after use

Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.

I’m looking at executing on a 15 unit deal and using third party PM.My question for those who have done the same, how does the third party execute the various requirements such as leasing & maintenance and how much do you pay for those services?

While I understand this venture requires active involvement, I'm excited to take on this new challenge.I'm particularly interested in advice on securing a mortgage and developing a solid investment plan.