Were they nation wide banks or local banks? 

There is a wide range of realtors with different experiences and you should only be dealing with one that has real, some will tell you they have experience with investors and don't, real experience with investors.Funding. 

Looking to see if I’m missing any angles or not.

However, we loved the fact that it was on a 30-foot wide lot that allowed for larger than average bedroom size, it was set back from the street by a sizeable front yard, and it is a brick building with large south facing windows.

However, we loved the fact that it was on a 30-foot wide lot that allowed for larger than average bedroom size, it was set back from the street by a sizeable front yard, and it is a brick building with large south facing windows.

This can be a great way to pick up anywhere between 5-10 units in your price range in one transaction.It's widely expected that this market will continue to rise, or at worst, level out and hold steady.

Looking for angles that would cause issues that I'm not thinking about.

Investment property lenders have a wide swing on rates right now depending on their appetite. 

It will be bottom up in the form of ballot measures that citizen groups (whether misinformed or not) will propose and it will vary widely by region.   

The land is supposed to be 75' wide and 150' deep.