Typically commercial lenders are looking for 35% down, some will do 20-25% for multifamily commercial, and rarely less that that unless you have a track record/solid history with these types of value add deals.

there is a reason the pro's dont buy them. if I was to buy one the return would have to be north of 25 to 30%  not 15 or under you can find that or get close to that with fully insured recorded first mortgages  why take the risk..  ???  

Also, not looking for studios.

Most commercial lenders look for a track record of experience before working with you, so as a first time investor it may be difficult to secure that type of loan

Banks want a track record, established, a high credit score, and seasoned investor. 

@Rachel OdumuYour estimated closing costs are mostly variable because they include items such as lender fees (origination, processing, underwriting), title fees, attorney fees, recording fees, prepaid property taxes, prepaid interest, prepaid home insurance, etc.

For the record, I'm pro LLC.

Unit 2 is the one first time on section 8 this website has a old record from 1992 for this unit.

Invested $62,000 in a complete remodel and added a second studio.

I'm moving from Victoria BC where the average house is above a million dollars and rents in BC are a record high in Canada and going to Cornwall Ontario to take care of my mother with an idea to invest in some multi-family properties where my wife and I would dabble a bit in real estate.