Hi,We bought a triplex in March with 25% down payment. since then we've added a brand new roof, redid first floor bathroom.

Always do everything in writing, including asking to sign a release of lien upon your last payment to the GC.

The seller has agreed to carry up to 20% as a second note to cover the down payment, but I can not find a lender willing to go with that deal. 

I am wrapping up my flip and was wondering what type of payment documentation I will need for both legal and tax protection.The project involved a GC, electrician, plumber, and granite vendor.Do I need to get waivers from all these guys?

Daniel Karbownik you are right about the lender most likely not allowing a financed down payment.

Well Chris M. guess with the non-commercial, My gripe is that I would expect to get a lower down payment, but when they classify my property as commercial, that seems to automatically require 20-25% down.Julie Marquez that is good information to think about and I will certainly ask the question next week, if for no other reason than to present as an knowledgable investor.

The rent will cover the payment.

I got a conventional loan with 5% down, 30yr and took a 4.25% vs a 3.75% to receive about 2500 back in lender credits on my down payment. 

My two issues were the down payment for a 80/20 commercial loan and also being able to move on to the next deal sooner than later.

Monthly Income:$1,150.00Monthly Expenses:$750.72Monthly Cashflow:$399.28Pro Forma Cap Rate:7.32%NOI:$9,156.00Total Cash Needed:$30,000.00Cash on Cash ROI:15.97%Purchase Cap Rate:9.16%Total Monthly Income:$1,150.00x50% for Expenses:$575.00Monthly Payment/Interest Payment:$363.72 Total Monthly Cashflow using 50% Rule:$211.28