It will be 20% - 30%, depending upon the lender and your overall qualifications.I have more basic questions...If this is non-owner occupied, I assume it is intended as some kind of investment property, likely a buy & hold.  

Kristine Marie Poe  and I was thinking since this post was basically some one new to the business. 

Turns out in the municipality where the building is located you are not allowed to take basic rental units off the market so for every condo you convert you must replace it with another regular apartment unit either within the same vicinity or somewhere within the city limits.

That's not really a normal HML loan, they are usually for quick flips because the rates are so high.LendingHome has a long term product, they are out of California (I broker for them), its basically a 5/1 ARM at LIBOR +4.75%. 

Basically what would it cost you personally to own that property? 

The location of this property is 3220 Leydon St...basically one house away from the intersection of MLK & Leydon st.

So basically after reading and reading, looks like I want to start in wholeselling as that is where I can build some cash in an account to later on do rehab flips, rentals etc, my question are the following:1.

Hi - I have gotten fairly comfortable with the basic Investor MAO formula of 70% of ARV-repairs.However, I know there is another model of acquiring investment grade properties which is to take over the sellers mortgage.  

Trash disposal was also a cost; they basically walked out the front door one day never to return.

The property is basically a shack.