Unless something in the world really changes, those prices are going to come back down and stabilize closer to where they started.

It will require less down. 

I clean our grill a couple of times a season when I head over.

First leg, I do my 20% down DSCR (no prepay penalties) and close like normal on the property.

Would you leave it as a floating rate, hoping the rate goes down?

I am down the road in VA Beach and we are very active in your area.

This has caused our clients a lot of missed opportunities or having to grapple with putting 15% down on a duplex and 25% down on a 3-4units.This new program changes the game, now clients with income $92,000 can put 5% down up to a 4 unit. 

My goal is to acquire another property this year, but I am struggling to build capital fast enough to amount to a down payment.

Lots of landlords just leave it to the tenant.Major outdoor things like cutting down trees or similar: landlord.

If you had enough of these properties, you could then combine cash and accelerate those as each property is paid down, correct?