If you "house hack" and live in one of the units of the building you buy, you could potentially put only 5% down.

How much work do I want to put into this?

As long as you are not signing leases, showing the property, or putting rent and security deposits into your account, etc, then you aren't considered a property manager.

@Alexei Amelenko It would be difficult to put this into a easily written format so I will just post the link to https://www.bizjournals.com/louisville/feature/crane-watch which should give you a general idea of the market.

I have about 20k I could put towards.

He was netting 30,000 monthly with these running 24x7.My goal is to assess the value of business without game machine license and with gas.Scenario 1:Terms if I assume his lease and pay him off at 250,000.Rent 8200 (somewhat negotiable)Utility 1500Payroll 6000Insurance/internet 350Current Inside Sales: 45000Current lottery commission: $3000Gas when pumps were working: 20,000 gallons at 30c.Based on these numbers, I am guessing he is putting money into this business without working pumps and no game machines.

Of course, the rate can be slightly steeper than the conventional loans where it is a full document loan, where they need to qualify you based on your income.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

I forgot yesterday when I posted to put my real name.

Can someone please shed light into the new law that past in November of 2023 around investment opportunities in multifamily units (1-4 units, not commercial) that say you'd be able to put down 5% instead of the past 15-25%? 

If just the 110 acres were put up for sale what would they sell for?