Originally posted by @Ken Breeze:@Dakota Deno there’s so much awesome stuff on this website and forum, it’s mind-boggling.Welcome to the Bigger Pockets tribe!

I would say, get with an agent or consultant to help you and determine a game plan of what you are looking for, what pricing you want, and your strategy (flipping, long term hold, house hack, etc...)From there you now know what you will need to finance the properties, which means either finding a lending platform that compliments  your needs so you don't have to empty your pockets on one deal.Hope this gives a little insight on what my first step would be.

The details:Location: Denver, Colorado located in very hot real estate market in an excellent location within 2 miles to downtown.Land cost: $475,000 currently with small 900sqft home on property Mortgage/holding cost: mortgage is $2800; I will be renting home on property for $1750/month (so I will be paying $1000/month out of pocket holding cost) while we go through the permitting processPermitting process: estimated to run 6-8 months in Denver before build can beginLooking to build five, 3-story townhomes on the lot, 1550 sqft each (about 500 sqft per floor), with detached covered garage in rear of lot for four of the units.

This will require money out of pocket to maintain the license.

@Erin ZengerWelcome to Bigger Pockets.

So never let them do repairs on their own or out of their own pocket that they aren't responsible for.

EckWelcome to Bigger Pockets.

Currently, I've just learned of bigger pockets and listen to a podcast a day during my workout and will be looking into other benefits of the site.

As I've been hunting for the right duplex-fourplex, I've gotten as far as applying for a deal I'd found, only to find out my credit wasn't sufficient.My goal: purchase a small multi-family unit needing a light-medium amount of rehab, but I don't want to come out of pocket very much.First Question:  What options do I have?

Some of these options will even go to 80% LTV on a 2-4 unit investment property, which is rarely done because the rate sucks, but in your case - where the rate is going to suck anyways - this is you "making lemonade" when life gave you lemons... maybe there's a scenario where keeping that 5% in your pocket lets you improve the property such that it cashflows even at that higher interest rate.