Is it possible to get a 1 mil real estate loan with 10% down

It can be done but you may need two loans. One to cover 100K to make the 20% down and the remainder on the rest of the property.

It will cash flow with 3 units rented 85% of the time.

Looking to rent 3 and renovate 1. As each unit becomes vacant I would update to add value. Once all 4 are updated I’d either keep 1 and rent 3 or look to sell and take profits.

90% LTV on a rental is tough.

Would probably have to secure the loan with additional collateral unless you have extremely strong cashflow or liquidity (which I would imagine not, given 10% down). I know you probably don't want to, but maybe find a partner to also put down 10%?

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It will cash flow with 3 units rented 85% of the time

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IMO cash flow doesn't mean jack here. Who gives a crap about cash flow on a $900k loan.

You should be talking % return here.

Additionally, is that $900k loan enough to remodel?

What kind of rent are you getting on $250k condos?

You will need A LOT of collateral and someone to cosign. The cosign person will need to net 10K+ per month after expenses. You will need to net 5-10K after expenses per month. Also need about 20% down.

If it is cash flowing with only 3 units rented, why is the owner selling?

I'd check if the owner is doing a 1031

I doubt it. Nothing risked, nothing gained and all that jazz. Just do like any other entrepreneur with an idea/ROI analysis they really believe in: put your money where your mouth is and take out a HELOC or the equivalent.

The short answer is no. I will explain now. It's 4plex investment jumbo property. That requires 25% down because of the number of units. Also no one i do business with offers a jumbo loan on a 4 plex. So you are capped at a loan amount of 454,100. Take my 15yrs of experience and move on.

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It will cash flow with 3 units rented 85% of the time.
Looking to rent 3 and renovate 1. As each unit becomes vacant I would update to add value. Once all 4 are updated I’d either keep 1 and rent 3 or look to sell and take profits.

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I think I'm a little lost. Are you planning on occupying one of the units in this property as your primary residence? I don't know what you mean by "keep 1 and rent 3."

The most recent maximum loan limit chart that I got from my banker a few months ago set the conforming loan limit for a 4-plex at $871,450 ($1,307,175 for high cost areas). If you're going owner occupied, you might be close with a 10% DP, depending on your debt-to-income situation.