If you have great credit, no consumer debt, bla bla, someone will loan you money.

A complete gut job that ended up restoring a very old New England village Colonial to its original charm.

I favor 30 yr fixed rate debt. 

You protect yourself from lawsuits because, while anyone can sue you for just about anything, no lawyer is going to take a case against someone that has nothing but debt -- also another reason to use LLCs for everything because "corporations are people."

Also, the loan with the lowest interest rates are typically Fannie Mae and Freddie Mac Small Business Loans (aka "agency debt"), but they do have requirements such as 2+ years multifamily experience, equity equal to the loan amount as well as reserves.

Solely looking at the after-debt-service cap rate, it doesn't look great.

I got to live for free for a few years, pay down the debt, and then sell for a nice profit!

My fiance was originally scared to use debt to create passive income.

I dont have a particular preference but if you want to split hairs beginning to middle (5-15th) is better since debt isnt due for 45 days from closing and you also get prorated rents from tenants for the remainder of the month. 

Commercial line of credit pending that your property can sustain that debt.