In general max LTV on 5-8 units will be 70% of the purchase price.

I live in Virginia and looking to purchase a duplex in Texas. 

They didn’t want to sell on the market because they didn’t want to do showings.A Win-Win Offer: These are the Terms that Were Accepted-$500k Purchase Price.

Basically 7% of the purchase price in annual rent is what I look for.

Purchase price: $177,000 Cash invested: $68,000

-Lease to buy @ $930,000 (currently appraised at $890,000)-2 year term with option to purchase at the end of term-Non refundable 3% option fee of $27,900 -Rent $4700/month If purchasing at end of term: Option fee applied to purchase and 10% of all combined monthly rentIf not purchasing: Option fee is non refundableSeller able to break contract anytime with 60 days notice if agrees to pay renter 2x amount of option fee.

For reference, I purchased a new build in 11/2023 (to give you perspective).

Before you purchase investment properties in Real Estate you have already built a team, and thought about corporate structures and what do to.

@Geoffrey Paugam- agreed ...if you are  needing to use financing to purchase - make sure to have a full loan pre approval in place  before searching / offering for a new place . 

1.Subscribe to the BiggerPockets Money and Rookie Podcasts2.Attend the FREE WEBINARS3.Attend a Meetup in Your Area / virtual meet ups4.Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy5.Peruse the forums!