And it would also depends on types of properties being purchased where 20%  could be a couple of thousand and not ten thousand or more.Remember that the folks that are able to do those deals have also been at it for awhile and have built up their credibility among the investor community.

What about if your still owner occupying but wish to move out in a couple months.. can you cash out refinance then?

My hope is that future owners in this area are investors that treat their investments like a business and young, working couples or small families.

Is owner-financing preferable to FHA financing a small multi?  

I'm calling a couple other banks tomorrow, but just thought I'd see what you came up with.

This couple does not need more income, they need a budget.I posit that this couple makes $150,000 a year gross annual salary.  

I prefer the relationship and flexibility of community banks even though their terms are not always as good.

I'm looking to hear what some of the bigger pockets community prefers when it comes to your own investment properties?

(When you buy the homes, you negotiate a deal with the owner that you don't pay lot rent while the unit is vacant and get a preferred lot rent when rented, for all your current and future homes)  Once you are set up in the park, market to the other owners in the park and offer to buy from them when they move out.  

Im a wholesaler who has done a couple local deals in Denver but I've had a lot more success wholesaling houses virtually but I still want to invest locally so Ive decided to move my business into Fix and Flipping real estate in Denver and Colorado Springs.