Here's the low down:250 Units, Evansville, IN | Class C+/B- AssetAcquisition and Assumption of Existing Debt (35yr Amort at 2.93%) + Mezzanine Note + Equity of about ~23% Equity Raise: ~3.1 Million (our own cash + limited investors as well).Plan: achieve cash on cash returns in the mid teens (going in 8.55%), IRR of 15%+ and 2.25x over a 7 year hold.

Save for 7-8 months and get my 20% down of 10k on it and go to a bank which isn't my favorite option or maybe since I was reading on here that life insurance company's have a very low interest rate and like to invest in multi family buildings that would be another good option.

Your income source will reduce 1/8th.In areas with seasonal jobs like Tahoe, most investors feel they are blessed that their tenants called them that rent will be late.

Bigger Pockets is a great start toward getting deals done correctly and reaching out to seasoned real estate investors.

The reason I lean towards this method is buying at very low cost, fixing/flip, rent out much higher and then cash in equity for the next and so on.

I don't need to make a profit, but I need to keep my payments as low as humanly possible, including property management fees.

Maybe partner with the seller next time or just buy sub2 if it's a low equity house.No way I'd pay closing costs twice, then a realtor, then Uncle Sam.  

Does anyone know any way around the six month seasoning requriement?

So if you buy the 4 plex you will likely be unable to buy more until you have seasoned it by owning more than 1 year and having it show up on your income taxes.Next your DTI does matter. 

Get deals done the right way and connect with seasoned investors only on Bigger Pockets.