I was told recently by multiple mortgage folks in RI that unless you go with an FHA loan, they are not accepting less than 25% down on a multi, even if owner occupied. 

I'm working with a mentor that has been doing these types of deals for 35+ years but he hasn't done one this big in a while and worried we don't have enough investors to raise $5.3m before closing (once the offer is accepted).  

Should I accept the long lease or should I go for a 9-12 month instead?

This is why when I list a property as-is, I try to accept offers that waive inspection, and when writing offers I waive inspection (or at least waive inspection objection but not termination) so the seller knows I'm serious about my as-is offer and won't jerk them around.   

Hi, I recommend Foremost as a carrier as they would be the most acceptive of this risk.

From my research, I didn't think there was any magical rent formula but I was hoping there were some generally accepted guidelines that would put me in the range. 

I've been told to steer clear of accepting cash but are there any way you would recommend over others?

I am on the fence if I should try to get the properties approved to accept section 8 housing vouchers. 

Typically on a no seasoning cash-out refinance, borrowers can pull cash back out of their recently purchased property if the purchase cash was from an acceptable source.Acceptable sources include:Cash from borrower's own financial accounts.Funds from a home equity line of credit.Funds from a personal loan.That being said, I can point you toward a few local MB's that may have access to private money sourced from more flexible lenders.

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