It's actually a disservice to the seller and poor negotiating skills of the listing company.These larger companies often have very large overhead costs and must keep transacting to survive.I run a different model at my firm.

On most other deals, we'll use fannie mae loans, which are currently running around 4.75 I think, but haven't checked lately.  

When your running a multi million dollar rental portfolio, you want to create all the tools you can to give you leverage.

You aren't being mean, you're running a business.

It's a bit more expensive up front but saves a ton of money in the long run. 

How do you guys run the numbers when analyzing a potential multifamily that you would owner occupy?

Normally, in instances like this I make my assumptions using Occam's Razor.Is this a common problem across the industry or did I just happen to run into an anomaly?

And although I may not cash flow immediately, I am willing to run my numbers with the rent that I am currently paying.

I know you said it's in a multi-unit zoning but you could run into many problems making this change.

I live in Danville IL and it looks like everything is for sale low prices homes rent ready anywhere from 15 to 30k and of course your older run down houses 3-10k all different types of houses in different conditions.