Being a multi-family investor, what's your criteria/buy-box in the B type neighborhoods? 

As you gain experience, you can combine a HH with other strategies to maximize returns—I’ve done HH’s that turned into various types of value-add plays, BRRRR’s, STRs, flips, etc.

What made you interested in investing in this type of deal?

But I am not sure if banks are willing to lend to me on this type of asset. 

Looking for advice on whether I should take out the equity, or seek another type of loan.

No one is developing them it's too niche. it's more of a local developer type product but they are high cash flow and very low cost to operate and setup and you can pull out a lot of cash from refinance or sale. very little development. just focus away from rural markets you don't want to compete with overnight trucking. 

Thanks, Brian You would need to use a commercial DSCR loan, these types of 30Y loans do not need 12 months of seasoning. 

And I agree the vast majority of larger investors started with a nice amount of cash or very robust professional type salary.

Can you afford that type of payment?

These type of people always have a story about the job they're about to get, tax refund coming soon, inheritance, etc. and when you drill down you find out they lack basic things (ID) that would enable them to follow through on their plans.