You can get 30 year products (fixed or adjustable).For a MultiFamily they will take Annual Gross Rental income less annual operating expenses, property mgmt fee, taxes and insurance divided by annual debt service.

LoC has a 10-year draw period, and is then converted to a 10-year loan.Now, let's say the borrower decides to take $10k out.  

Draws every two weeks, one if needed), need to be able to produce a schedule of construction (we have tools you can use), and adhere to it as close as possible.

Looks like it’s back to the drawing board in looking for a suitable property.  

.- You take this information, build your own proforma to determine annual NOI, and then divide by an acceptable CAP rate for your area to determine the purchase price. 

Unless they are separately metered which I'm going to guess they are not, be clear on how they'll be divided and who's responsible for what. 

We have equity lines in form of refinanced mortgages on our rentals from which we could draw for the 20% down payment or could use funds from our line of credit on our current house.

@patrick lloyd and @timothy paul russellYes of course, cash is best for the obvious reasons, but you can certainly get a hard money loan for the acquisition and rehab (terms depend on your level of experience, but I'd say no experience will get you 80% loan to value on the acquisition and 100% of the rehab paid back in draws) and then get a portfolio loan (if you're under 6 months for property stabilization) or a conventional loan for the end financing if you qualify.

Do the loan based on completing milestones increasing the equity-use a draw schedule.

Lehi city had me draw up a plan of the interior and submit that.