I cant say for sure since I dot know your score, your income and your total debt. if for some reason you dont qualify for conventional financing then seek out private money.

They had two year old appraisals of the buildings that gave a total value of 80k MORE Than we offered them (which they agreed to).

I might have them right but if I do then it isn't really a cash flowing deal so I would appreciate some more experienced eyes on this.Purchase Price $79,000Sellers is paying the first $2000 of closing costsEstimated Repairs $20,000ARV $120,000This is two separate homes on the same property both are pretty much identical.Conservatively looking at $650 a month rent for each so $1300/month incomeRDP Insurance $1668 annually for bothTaxes around $1200I am figuring 5.5% for all loan valuesUsing about $44,800 on a HELOC and $66,200 on a 25 year amortized loan.Figuring 30% for all repair, vacancy, cap ex, and property management My totals come up to like $46/month cash flow. 

Totally not helpful!

I bet they know the answers.Also a good background check will tell you most of what you need to know.

For instance, in NY, down payments can total around 10% of purchase price.

My landlord policies for the 6 currently total $7,363/year.

I currently have two past residences (SFH) that I rent out totaling Jon Thx, Jon. 

A 3 or 4 unit must also meet the self sufficiency rule (75% of total projected rent must cover PITI plus mortgage insurance).

NOI of $74,000/year (total value $370,000 using 20% cap).