Hi @Will Spence, I know your question is several months old but I just wanted to say I have found that even if traditional mortgage lenders won't lend on these small purchases, some commercial lenders might.

Is it better to go with a more modern streamline look, or is  it better to stick with something more traditional?

Hi @Fred SchonfeldAre you looking to go to traditional lenders? 

I imagine that they would be able to get traditional financing on a house like my example, barring any odd circumstances (high DTI, bad credit history, no creidt, etc.). 

I can’t borrow the traditional way FHA, banks or any other way due to having a bankruptcy 2 years ago.

I've never used the traditional formulas of cap rate / GRM / ect -- However, I want to purchasing much larger buildings (20+ units) and think having a basic idea of the fundamentals is probably necessary.

I will be financing my deal through a traditional 30 year mortgage.

On a traditional bank loan, the bank sends out a 1098 mortgage interest statement to show what interest you paid for tax purposes.

So I was wondering if there is a real "soup to nuts" guide for beginning investors that are looking to buy and hold rental properties when they are starting from $0 and have no wealthy friends or family to rely on for non-traditional investment loans. 

For 1-4-family homes financed with traditional financing, don't do it until AFTER closing.