Fail to see the reward here for assuming a higher amount of risk...

My wife tried co-signing, but now the bank wants me as a co-signer too.

@Nicole Heasley  If you're looking for a lender for a 6 unit complex, I would bypass this guy and just reach to smaller local banks in your area, and look for the commercial lending department. 

If a property that is worth 5.3 million today at 6% cap approximately, can be bought at 5% interest rate; if the same property I could get at 4.3 millions in 2 years if the market falls, then interest rate possible at 6-7%, my cash on cash may be better but still not significantly better due to the higher interest rate, plus opportunity costs of sitting on capital for 2 years (1.3 million investment earning 1% bank interest instead of 7% COC if invested, loss of tax break depreciation, total loss may equal 200k loss in profit), plus increase in the rents and some value add could increase the cap from current 6 to 6.7 or so in 2 years.Unless, I find another source that can give me a COC of 7%, sitting on cash for 1.5-2 yrs for market to correct may itself be a loss.

FYI- looks like prop 10 is going to fail.

go talk to a local bank and see what they say

I've yet to not have to replace one except in 1 property that the bank put in thinking they were making it livable and able to put it on the market.

85/15 traditional 15-year loan with local bank How did you add value to the deal?

I read this section over and over as it gave at least a road map to how the domino's fell the last time we had this collection of challengesSecond Ray was big on the following process: Set and Execute on Audacious Goals, Fail, Learning Principles, Improve, More Audacious Goals ... cycle continuesIn the end a great read and again I find it so sad that I had not heard of Bridgewater or Ray Dalio before I picked up his book.Z

Small local banks .