The online sales across the USA of bank-owned properties allow a window before closing that hard money (and private $) lenders need - often times you pay 5% of the winning online bid and your closing 30+ days later works for the requirements of the lenders. 

Can you explain in more lay terms what you mean by "most lenders on the refi will allow 70-75% LTV? 

Portfolio loan local bank, 20% down How did you add value to the deal?

@Joshua Von Schlutter if you are using a conventional loan, Fannie/Freddie will allow 15% down...some banks don't follow this rule but it is possible to get 15% down on an investment property. 

Could you explain to the tenants the cost of using CCs and pass that fee onto them for using something other than cash or check?

Then locate some commercial lenders, recommend some local and regional banks and tell them whats going on and what your plan is. 

Hi everybody.Maybe I'm a dummy but could you explain the Financing thing to me.Let's say I save $10k.

First, rather than posting that you don't know anything, focus on explaining what you do know, what you are good at, and what aspects of your background could help you as an multifamily investor.More specifically, here are a few ways to break into multifamily with no experience:Past business experience: if you have a strong business background (i.e., been promoted, held a high level position at a large company, started your own business), you can leverage your track record and translate your skills into multifamilyThought leadership platform: create an interview-based podcast, blog, YouTube channel, start a meetup group.

This way, the bank lends on the rental income “business value”, Vs simply the appraised value of the home.

Most banks don't want to deal with that.