built 1955Annual Taxes $4,190.40● 2 2 Bedroom units rents $550● 9 1 bedroom units rents $450● 5 large studios rents $350● 5 small studios rents $300Total building sq ft 9,664NumbersMonthly Current rent $3,525.00 (all tenants )Total $1,186.07Cap Rate 0.32There no comps but property can be value over $200k once fully occupied and managewell.Your investment would be secured by property alone with purchase price under 100k.Repairs estimate 30-35k.I am proposing a loan of $95,000 with a open line of credit for repairs for 5 years, withoption of early payoff.$95,000.005 years$2,000 a monthShould I request some equity percentage like 50% when the sale happens or cash out refinance to pay back the principal in 5 years which ever happens.

I just secured a contract on a 5 unit residential building in the NW corner of Missouri in a state college town. 

You could try positioning it to a bank that you're going to put that money into the property, increase the value of the property and make the loan more secure.

Your home is a secured debt.

If you're looking to secure any financing they will want to know more specifics as well in what you are trying to acquire. 

Tell them if you perform the punch list now that they will get their security deposits back sooner. 

You stated that you inherited this tenant.Did you also inherit their security deposit?

If you are already buying under market value, the cost of repair may be worth taking on to secure the deal.

As long as the numbers work, it will be to your benefit to secure as many units as possible with that cheap 30 year traditional financing while it's available to you.

My Chase Business savings account pays negligible interest, and I would like a higher interest bearing account in which to place security deposits so I can keep the interest (in Michigan where this is allowed).Where is a good place to put security deposits to get significant interest?