More on DSCR loans: DSCR loans won't use your income to underwrite the loan.

I would start the process now on seeing if you can assume the loan, it should be similar to getting approved for a loan and take 30-60 days.

Any specific loans I can use or any other type of financing I can use to put a lower down payment?  

Since you can't count the income toward a loan, I think their value will be on par with normal sq footage. 3.

  - Any insights on the types of loans I should be exploring?

Hard money loan to acquire and rehab, then refinance into a DSCR loan! 

Does a trust account by definition mean that money will be held a specific financial institution location?

I am looking for some tips on building capital for an FHA loan, as well as some tips on networking with other investors and to possibly find a mentor.

We learned early on that:-3 of the 6 buildings are in a flood zone-the current owner has a loan, this lender doesn't require flood insurance-1 building took on a little water at one point during the 12 years the seller has owned the complex. 

If you are scared of losing everything and that everything is the 16k entry plus closing costs, it's not worth it on subject-to which has to be done correct and requires a lot of management to make sure their loan does not get called.