@Kyle Mitchell I have encountered similar issues.  

He’d package 20 houses into a single commercial loan.

You'll have to weigh the options of either 1) purchasing and owning the duplex outright, doing some repairs on it, having higher cash flow, building your own credit back up so you could cash-out refinance in 1 year or so.or 2) does it make more sense to find a lender who will loan work with you, could be higher rate and terms.I'd recommend running the numbers multiple ways and see what works best for you, knowing that the numbers may not factor every single bump, hiccup, or repair that you may encounter.

Hi All,I have a great deal on a package of 8 sfh rentals in Indiana.

If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landlord policy or similar name) or a commercial policy such as a Businessowners or Package policy.Most homeowers or dwelliing/fire policies include:1.Dwelling (Building coverage)    The limit should be based on the Replacement Cost of the building (cost to rebuild with    the same kind and quality excluding the foundation)2.Contents (Personal Property): most homeowners policies give a set % of the Building    limit for Contents.

I currently have him writing up all the details on all the properties and what he feels he wants for each of them, or packaging some together. 

Talk about what you do and how you are doing it to everyone you possibly can (friends, family, acquaintances).Create a business plan that explains what you do and your team (PDF file).Analyze deals very often and understand it.Create a sample package of a deal you underwritten that would be used as a test case and show it to friends and family to raise interest. 

@Trey KnightI will steer away from Multi family in Las Vegas as it's too risky and not worth the headaches you are going to encounter because of the tenant pool there.

@Keith Walton Congratulations on an awesome chance encounter!

plenty of ways dont give up after your first few HM lenders, call hundreds learn all the different packages.. the great thing about lending programs is theyre almost identical on a national level, but deals are local so get to hunting