I know people who have 10+ houses that they bought and now manage - usually together with a private lender. 

I have my father's 30 year old contracting company at my disposal, I work directly with an in house mortgage lender at my office as well as a property management company (which I would primarily use on a consulting only basis to begin with) and I have 2-3 options for creatively financing my first few deals. 

I was trying with one lender who said they can do the cash out at the beginning, but then after reviewing my 2016 tax return, which claim a loss on a K-1, they said they can not due to the debt to income ratio would not qualify (comes to negative..).

For example, my mentor is an REI and mortgage lender in my area so I do my closings, refi's, etc through him.

We're looking for a lender who can help us purchase a multi-family building in NW Indiana.

So im looking to see if anyone knows of a commercial lender that lends stated income loans for around 50k loan amounts.

The lender I work with is not a small lender, but they have been incredibly helpful to me personally.

When I was approved for the loan I was approved for $225,000, so after speaking with my lender I will be able to use the remaining 155,000 toward a new property!

Andrew used 75% of ARV which is the typically the Loan to Value (LTV) ratio Lenders use for Refinance loans.  

I'd first see how big of a HELOC I can get, and start going to all sorts of banks looking for commercial loans, and maybe even a hard money lender to generate more.