The neighborhood was also too dense and the block was over capacity for multi family rental units.   

@Imdhadur Rahman- you will not likely  find  10% down options ...many lenders  can  lend to 85%  ltv  on  1 unit  properties  ....5% diffrence on a low priced  home  - shouldnt  amount to much 

I’m focusing my strategy on small multi family rentals but don’t see a lot of 4 unit properties which would be ideal for me.

I wouldn't buy a 12 unit with all 1 beds built in 1912 just because of the age, even though it was renovated in 2018.

I own 3 out of the 9 units in the building so not sure if I can get financing under conventional FNMA guidelines.With the blanket loan, what types of terms do you normally see?

I don't ever look at land to subdivide just entitle it to the max. add units, etc. or buy land smarter. it's not hard. you can handle all of it yourself but you need a good architect or overseas drafter who knows their stuff. 

And yes, his was the only unit we did not raise rent on because his is the only unit that hasn’t been updated AT ALL since the building’s construction in 1982.

I own 130+ units in MA and would love to partner on deals depending on what you have.

Hello everyone,I'm 18 years old and with  average FICO score 715, I have a 5-10 percent down payment, with only 6 months of full-time employment (annual income 52k) and 1 year of part-time work history (annual income ...

It helps to have a conversation with a lender in advance (if you are serious...don't waste anyones time) to explain your situation and see if there are any red flags.For single family or 4 units and under a pre approval is also not needed but does go along way.