I personally recommend the Conventional 5% down program for a 2-4 unit primary residence--this allows you to get started with very little funds and take advantage of primary residence rates while still becoming a landlord right away. 

My background is custom residential, everything from large single family residences to more compact 2-4 unit projects. 50/50 mix between end-user projects and spec homes.

Same tenant who doesn’t want the evaluation might be suing you for mold this summer, so do what you feel is best for your unit and safety of its occupants.

General requirements would be 20% for a 1-4 unit property, DSCR of at least 1.00x or greater, and you can qualify with a score as low as 620.

Here are some details: Top bottom duplex Purchase price 440kTurnkeyDownpayment - 55k Both units vacant2/1 upstairs - $1500 market rent (long term)3/2 downstairs - $2500 market rent (long term)Newly renovated Central ACSeparate electric meter 1 water meterInterest only payment for 5 years - $2567/monthTax - $500/month (appox)Insurance - $150/month (approx) Cash flow - $391 (after taking into account vacancy, property management, maintenance and capex reserve)ROI - 8.5%No prepayment penalty If used as Airbnb, ROI can be higher

They sold out 60 unit complex in 4 months. ($500-$620k SFR) Your builder must have plenty of buyers lined up to charge that much. 

My rule of thumb is ~180 unit's per PM.

Clamp a few of those on the circuits leading to one "unit" and read them monthly, multiply by billed rate.2.

Parent llC in wyoming - 50% owned by me and 50% owned by my spouseChild LLC in North Carolina - 100% owned by parent LLCWe brought one 5 unit property in NC in 2021 using Child LLC name as owner and paid cash.

I'm on the look out for a multifamily apartment building smaller size 12-20 units and I'm finding some deals in the valley in the 3.5-3.8% range.