We purchased our first 2-unit property about 6 months ago. 

All of my SF deals have  been with boomer+ landlords that have been self-managing for decades.I look for tired plexes like 70's builds that  need paint and window coverings with smokers and pit bulls as tenants and crude for rent signs.  

I wouldn't buy a 12 unit with all 1 beds built in 1912 just because of the age, even though it was renovated in 2018.

Are you interested in small MF at all (5-10 units)? 

The neighborhood was also too dense and the block was over capacity for multi family rental units.   

I’m focusing my strategy on small multi family rentals but don’t see a lot of 4 unit properties which would be ideal for me.

@Imdhadur Rahman- you will not likely  find  10% down options ...many lenders  can  lend to 85%  ltv  on  1 unit  properties  ....5% diffrence on a low priced  home  - shouldnt  amount to much 

Investing locally you can self manage.

I own 3 out of the 9 units in the building so not sure if I can get financing under conventional FNMA guidelines.With the blanket loan, what types of terms do you normally see?

And yes, his was the only unit we did not raise rent on because his is the only unit that hasn’t been updated AT ALL since the building’s construction in 1982.