I specialized in 100% down payment loans and all of those programs are gone and some of the banks as well (Leh... Brothers). The best chance you would have would be to purchase the Multi Family yourself as owner occuppied FHA. You would have to live there, but it would require only a 3.5% down payment plus closing costs
To do an FHA loan, the building must be between 1 and 4 units, not 5, 6, 7 etc
Do not commit loan fraud. FHA properties must be owner occupied and and the government is cracking down.
If you have a house already with a lot of equity, why not do a cash-out refinance of your primary, set up an LLC for the new building, and effectively finance 100 percent? I know you want to keep your personal finances etc separate, but this would be as close as you would get to your ideal situation (in my opinion)
i think it will help you
I am sure I'm not telling you anything you don't already know, but to the degree that you want to remove your personal risk from the equation will be to an equal or greater degree the risk any potential investory sees in extending you financing.
Call it hard money, SBA, etc., all lending is risk based and availability of credit for your investment will be in inverse proportion to inherent risk in the scenario. Increase or decrease one side to get the opposite effect on the other.
Good luck and let me know if I can be of service in any way. If you ever want to discuss residential home financing and how it could work for any situation, always feel free to give me a call or send an e-mail.