Well I would say you are half right, sponsors do put in 5-10% normally,    It they don’t take that much equity.  

Perhaps some cars on blocks or couches on the front porch.

Is that normal for multi or should I shop around? 

Not to mention, who has time to inspect a parking lot full of cars? 

@Chris Mason so normally the HomePossible loan wouldn’t work with distressed 2-4 unit homes?

If you have something to buy it's worth it, but don't force yourself to buy something you normally wouldn't consider...With that said you can be little flexible seeing as you're hypothetical buying power is greater (by whatver you'd "lose" to taxes).

But, I have to manually enter each guest's car info into the system.

I have a background in sales, and got hooked on real estate while looking for a reason to not work so hard at the car dealership I was work with.

Be carful.

The numbers look decent but should I increase anything and is it normal to come in and hit tenants with a fee that they currently don't pay (water, garbage and sewage), which would be an $83 fee.