Commercial loans are generally 20 or 25 years amortization so the minimum payment may be almost as low as a 30 yr conventional mortgage if you factor in mortgage insurance (at least for the first 5 years).

Prompt payment is the reason the owner has property insurance.

No MI payments and your in an appreciating market.

A member said I could use a portfolio conventional loan 3% down payment to buy a first multi and then still have the option to use an FHA 3.5% down payment on a second multi.

It states that I have the right to put the property on the MLS before I even buy the property and I'm able to get out of the deal at any point in time.The seller doesn't have any leans or anything on the title and he's up to date on payments, so that is already checked.That being said, the mortgage is too high for a Subject To deal, because I won't be able to rent it that high in this area.

Can you split the proceeds from a SF home sale into 2 down payments on properties of equal or greater value?

Jeremy makes great points.You also have to remember that velocity kicks in. 1st property @ 20% seems daunting, but if you're cash flowing 200-400 a month, that will help considerably with your 2nd property's down payment.

Am I living in a dreamland thinking I’ll be able to find something with these criteria and the amount I have for down payment that will make any financial sense?

I am interested in learning about how to invest in buy and hold properties with minimum down payment and the ability to own the properties in 20 - 30 years free and clear by renting out and letting the cash flow fund my equity in the properties.

We have more than enough for the 15% down payment using another conventional loan, but if hard money can help these dollars go further then we are interested in pursuing it.Thanks, Chris