You'll be very happy you did if your ever audited.An investor will find that the IRS will dig into everyone of their bank accounts to determine the source of each deposit.

The price point will be determined by how much time you spend searching for properties (MLS vs Wholesalers and private sellers) and how much work you want to put in to get it cash flowing (level of rehab and sourcing and selecting tenants).

If in your position, I woulf sit down with a GOOD loan officer and talk options that align with my goals and see how we can make it happen.

If you look up REI meetups in Meetup/EventBrite, you'll find loads of options. 

We also use their revenue manager option so we have a specialist who looks at our prices daily - I recommend it for sure. 

There is not a bathroom in the building so unfortunately only option is a Porter Potty.

@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 

There is not a bathroom in the building so unfortunately only option is a Porter Potty.

Another option is to find a good local architect, civil engineer, or similiar third party consultant to take a look at it and let you know their thoughts on the viability of developing it. 

Hey Wayne,In the DSCR space, most lenders would treat 3 units (2-4 unit) within the same classification as a 'Single Family' DSCR with maybe a small increase in rate, but your leverage options should be about the same (20% down).