I am looking to finance my 1st multi family unit and my bank is asking for 20% down, since it's an investment property. Can anyone confirm whether this is a bank specific requirement or if some smaller local banks are willing to allow a smaller down payment. I do not intend to live in there currently, so FHA is out of the question but at the same time I dont want to exhaust all of my savings. Is it better to use the efficiency unit as my person residence and eat the case flow for the year. Currently the efficiency/studio is only renting for 250 per month and it will need some rehab in order to put a tenant in there.