Imagine a $2M loan not requiring a down payment.

So, in the short term products: the 6-12-18 month bridge loans are interest only loans that have a balloon payment at maturity. 

This is necessary to be able to garnish tax refunds in the event that you have to evict and get a judgement for non payment of rent.

There is a down payment needed to get into the deal and terms are set in place.

This is especially true for low down payment multi family homes.

For instance, FHA loans frequently permit smaller down payments for multifamily buildings, increasing accessibility for owner-occupiers.Examine the Cape Girardeau, Missouri, local real estate market.

Since you're looking for tips, have you heard of the BRRRR method?

The largest will be finding a strong team to help you through that strategy.If you use the $50k for down payments you're stuck once that money is used up.

You can be mortgaged to 85% with Freddie Mac if its a single family house with the cash out refi although if you go that high there will be private mortgage insurance to pay for , either monthly or in a lump sum payment at closing. 

Based on what you're describing, I think your going-in criteria is definitely something that is strong *however* your goals may not match what current market reality is.When you say $3200/month payment - do you mean $3200/month before or after accounting for potential future rental income from your tenants in the other units?