I would start off with fewer units (around 18) then large complexes later unless there are plenty of homes that have tri-plexus and four-plexus that are occupied will cover your debt payments and possibly allows you to live there if your situation would allow you to possibly live there.  

For example I am closing on a deal in November and the closing date is suppose to be November 14th, but do to the obligation of their current mortgage what we negotiated is that we will close on the last business day due to certain payments etc.

Hello,I am looking for a little advice on the best way to use a couple of different types of money towards down payments of a couple of properties that we want to buy at pretty much the same time (retiring landlord selling portfolio).

Rochelle is the geographic middle between our two jobs.Not as much opportunity in Rochelle (pop 10,000) but I'm:15 mins from Dekalb 25 mins from Rockford Adjacent45 mins from Naperville/Aurora45 mins from LaSalle/Peru (Cassie's work location)1 hour from Janesville/Beloit (My work location)We're open to cast a wider net if the opportunity arises.Currently we're saving approximately $5,000 every two months for down payments and listening to the BP podcasts on our commutes.

I would always put at least 20% down on both properties to avoid PMI, but does it matter where I put the majority of my down payment, whether it be on the house I live in or the house I rent out?  

do not accept partial payment as it muddies the eviction.  

I think I can make my self a loan from the solo but how long can I make it for and can I make it with small payments?

My current mortgage balance is a little over $66,000  and my mortgage payment is $663 a month(includes taxes,insurance).

Bigger discount rate (60-75% of note principal balance) will apply to notes that are: new note, no payment history, low interest rate under 7-8%, long term (over 15 years), paperwork issues (dod frank compliance for ex.), undesirable markets, long foreclosure states, and few others. 

Now let's look at the numbers (Monthly)Average rent/unit = $775Gross Income with 94% occupancy = $24,02550% gross income for expenses = $12,012Bank Mortgage payment for $1,875,000 @ 4% 30 year = $8,952Seller finance $375,000 for 6 years @ 4%, with interest-only payments = $1250Private money loan payment for $300,000 for 6 years @4% also with interest only payments = $1000Subtracting all expenses and debt service from gross income gives me = $811 in cash flow which I would set aside to use only on the property.