I just closed on a 16 unit and looking for my next one.In a great market, there are a lack of deals but tons of moneyIn a bad market, there are tons of deals but lack of money.That said, when you want to buy a 10, 30, 50 unit MF property, banks will ask - do you have experience buying and managing properties. 

I’m also self employed so most of my purchases have been with alternative financing without going thru the banks.

The bank is loaning 80% and all the rehab funds, I am taking the other 10% on a 401k loan, not because I need to, but because this is the cheapest money out there, the interest I pay goes back into my 401k so it is still a net gain.

I used a local community bank.

@Patrick Snyder which bank?

Local to Phoenix is 1st Bank and they are investor friendly.

It would be best to ask your lender versus the uninvolved BP community.But, since you asked, 25% is a common requirement for banks' best rate for investor properties.  

you may want to blend your portfolio or cash.some depreciable assets ( rentals)syndications  with a VERY good Vetted SponsorPerforming Trust Deeds  Be the bank NPN  funds  let the operator do all the heavy lifting in that space.stock market then see what performs and what you like.. 

One of the beauties of this method is for the exiting owner not having the reporting all of their income in the following year instead of the life of the loan and it usually allows him to close quicker than a conventional loan, like a bank. 

Banks are asking for 40% down to get non-recourse situations or ~5% loans, while my investors all want 15-20% cash-on-cash, and Hard Money lenders who give anything in 8-9% are hard to find.