Is it possible that the lender (bank), however, would insist upon an accurate appraisal and inspection of the home and diminish their loan amount, accordingly?

The loans made by the fund are secured by a pledge of certain promote distributions from, and limited liability company interests in, a separate affiliated real estate venture as described in the Memorandum.

Hi Paul,I'm curious as to what kind of loan you applied for?

Calling a broker to get a ballpark like @Chris Seveney said  or getting an online quote will always be the most accurate but if you want quick numbers - Nerdwallet has a "by zipcode" feature: https://www.nerdwallet.com/article/insurance/estimate-home-i...If you are working with a loan officer their different systems often auto estimate taxes and insurance as well - so you could ask them. 

Here's my list:2015 bought a home as an owner occupant ($140,000) moved out after a year and keep it as a rental (current market value $240,000)2017 bought my primary home (bank owned property) for $180,000 with a 203k renovation loan (current market value $330,000)2018 bought the home I had rented for 9 years from the landlord ($80,000) and BRRR'd it (current market value $220,000)  2019 Got licensed as a Realtor :)2020 bought 2 homes off the MLS and did my first flips. 

And there are conventional and FHA loans out there that give you favorable financing for small multi units of 4 or less. 

Is someone paying for it or do you need to get loans to afford it?

This is generally a very simple loan request.

Loans are non-recourse.

Call them up, ask to speak to their loan department and ask them what their appetite is for smaller commercial apartment buildings in the 6-8 unit range.Good luck.