I'm considering partnering with someone to buy a larger property (8-12 units), I'd use it as a primary residence but not sure if the lower down payment would still apply in that case.

Junior,When you apply you let the bank/lender know your wanting to do teh 203K or Fannie Mae Rehab loan. 

Will the bank set up an appraisal or is this something I should take care before applying?

My recommendation is to just save the money you would spend on extended warranty coverage and apply it to hiring a professional service company that you researched and vetted yourself, once you need a repair done.Hope this helps.Ken

My father has a 401k and is open to diversifying into real estate.Does my low income tax rate mean that the depreciation I may not be able to apply to this place is water under the bridge?

My father has a 401k and is open to diversifying into real estate.Does my low income tax rate mean that the depreciation I may not be able to apply to this place is water under the bridge?

My father has a 401k and is open to diversifying into real estate.Does my low income tax rate mean that the depreciation I may not be able to apply to this place is water under the bridge?

@Evan Knapp ok so do it, not really sure your question , Just connect with someone doing deals, learn and apply what you learn Good LUCK 

Central Minnesota values increased 11% in 2021, no idea if that applies to where you live.

Apply for a HELOC loan.