Yes, banks will do longer amortization on loans, but as it was mentioned above, financing small deals like that can be incredibly challenging.

(on a side note, you know the @mention worked when you see the text turn blue.

As I mentioned I am specifically involved in the multi-family space.

She should be able to use the loan for $115,000 and add $30,000 cash from her savings to purchase it.And as mentioned above, you can always look in the areas adjacent to Charlotte for some duplexes and triplexes that might be a little cheaper. 

He mentioned in his email that we would wait for my response fro 3 days until he proceed to take any further actions.

Under the situation mentioned you will likely need a 20-25% down payment to purchase the tri-plex. 

Just came across this and thought Id' mention that @Jeffrey Isenberg and his multifamily investment group just started a great meetup in Sherman Oaks.  

I don't want to get caught in that paralysis by analysis either or like you mentioned, kick the can down the road.

@Elizabeth Schongar As mentioned above you shouldn't have an issue going to the 5th property if you work with a lender without overlays.

That can put you into a financial downward spiral and wreak havoc on your finances – all with your original equity on the line while attempting to build new equity.HELOCs, as we mentioned earlier, are also variable-rate products.