Joe if you do go the multi family route check out NBT bank's "Home in the City" Loan.

Spoke with two banks.

This seems like a rough way to deal with a buy and hold having to refinance down the road in a rising interest rate market.The second option is to buy it in cash then refinance out with a traditional bank on the wealth management side. 

somewhere is that there are lenders of some sort (not the usual big banks) that are willing to lend a little more creatively as in larger down payments or higher interest rates. 

Just because it's C class doesn't mean your getting bottom of the barrel people that don't use bank accounts lol, my Tennant's are mostly younger service or labor industry workers.

are those bank owned?

Could you finance it with a bank loan and pay for repairs out of pocket?

@Ozie Jackson  Have you tried any local banks / credit unions in your area?

Clarksville TN investors:  what local bank do you like? 

Note investors typically do not buy off exchanges and buy from banks and hedge funds.