.: Hi HermantOf course everyone wants cash flow, but just to give you an idea in DFW market I will say standard deal you will probably need about 40% down on small MF to break even or get a little cash flow. 

Real estate prices fluctuate, up and down.

The train is barreling down the tracks at 50 mph.

I know I will have to put down at least 20% with an FHA loan.

Vacancies are down to almost nothing and we are starting to accumulate a wait list. 

I was able to get some details on the new mortgage, the cap was 2% up or down, so the range would be 2.1% - 6.1%.

I love that the rate is fixed for 10 years, but the PPP is only 3 - best of both worlds, if you are that Texan: if rates go up, you're protected for a decade, but if rates go down you can refi penalty-free after only 3 years.Credit Union - This is a Washington State credit union, coming in strong with that 30 year amortization producing a lower payment.

There are markets in the US though where deals look like:Purchase 80kRehab: 60kARV 190kIf you have good credit you should get 85% financing on 80K, your down payment is 12k, and the 60k will go into escrow for the rehab so you will need to front the contractor money to get started and unlock rehab money. 

How much do I want to put as a down-payment?

Perhaps he was used to working with a lenient plan reviewer at DOT and got assigned a particularly hard-headed one this time (unfortunately, that happens)?