I am in the process of applying for my first commercial real estate loan, which is what you would need to finance this 12-unit property, and I am learning a lot about the process.

If it's option 1 I would recommend looking into a multifamily in a growing or very stable market that you know very well and have access to easily if its not a market in your back yard.If it's option 2 I would recommend vetting syndicators/sponsors and seeing who is investing in assets that align with you investment goals.

If you rolled an old-employer 401k into a new-employer 401k, you can access that portion that you rolled over.But if you buy real estate from your IRA, YOU ARE GOING TO HAVE TO GAIN SOME UNDERSTANDING of the limitations. 

Sure, if you have a HELOC with a checkbook to access the funds, you can write a check for the EMD. 

Hello Bigger Pockets Community!I'm located in Central Washington (Wenatchee Area) and I have a Cash Out Refinance scenario that I need a solution to and i'm hoping you all can enlighten me on some ideas or referrals.W...

Each bank underwrites differently, but I would bet 95% of commercial banks would be overjoyed to have your equity rich, lightly encumbered business. 

They'll have painless access to both standard and surplus market policies and would likely be able to craft the right package for you quickly.  

Hello Justin,A 15 unit apartment is too small for a commercial ALF operator and its not a "home" for the Residential model.  

My concern is over-leveraging... can banks call a HELCO if another 2008 happens and the price of our home decreases... like they can with capital calls on commercial real estate?

A new huge hospital was built just blocks away, new developments with commercial buildings and gas stations around the corner, other multifamily properties have sold 500K+), duplexes have sold 300K+, and also just a few streets over there have been some higher end condos built and sold.