5% down conventional ARM mortgage for 4-plex?

[Jacob Bohrer]

Hello, my wife and I are looking to get a 4-plex. I am interested in it for low money down, but do not think the seller accepts FHA. So my question is:

Is it possible to get a 5% down Conventional ARM for a 4-plex.

Purchase price is $160k

Rents are currently $2,350 gross.

Please let me know your thoughts or any other ideas! Thanks!