Your payment will be lower which will help with DTI for other future property investments.

After having a couple of different banks run the numbers, the best I can do is a cash out refinance on the two properties with the most equity.This would allow me to pocket ~$45k and increase the combined payment by $136 per month.

I know this may not be the most accurate but for the examples sake:Private money loan of 65K acquired at 8% interest only payments of $433 for 10 years.Purchase price of 60K and out 5K into it.Do Contract for deed at 84K with 4K down at 8.7% for 15 years for payment of 803.58.Collect difference of PM loan and payment of $370.I'm sure it's not this simple and probably left out some parts so I welcome all advice.Thanks!

Lastly, I am a first-time home buyer in CA and I'm looking to purchase a triplex or quadraplex with a minimum down payment.

I am looking to get a partner on the place for just the down payment of the property, split the profits 50/50 and I will manage the place myself and eventually I will actually move into one of the places.

I have heard that a down payment on multi-family can be from sources other than your own. 

I can borrow a very small amount from my 401(k) at 2.25% interest for a down payment or purchase, but given how hot my local market has been that won't get me very far until I can learn some alternative strategies.  

From down payment through months 1-9?

The buyer made payments for a few months, ran the business into the ground, and stopped paying.

They don't allow for mortgage payments, but you can have a rev mort because no payments are required.Medicaid will exempt a home (trust or not) if the client lives in it, or if the community spouse lives in it... but you also have to be able to afford to keep it.Cart before horse here with info and not enough details, let's PM.