Newbie advice on financing a medium size multi-family (7 units)

[Brianna Jackson]

So I've been watching a property from a distance (I am not currently in the area) and it has kept my attention. My initial plan was to house hack with my va loan; however, this is looking like a great deal if I could get it for an ideal price (it has been on the market for over 2 mos and I just received word that the condition is considered "poor" as there haven't been any upgrades in a decade and it's looking to be in a B-/C area...so I'm hoping to knock the price down significantly...any advice on this would be appreciated as well!). The snag I'm running into now is that I obviously can't use my va loan because it's more than 4 units (It's actually several units and a house) so now I am moving into the commercial loan play area. Any suggestions on the best way to navigate and finance this deal? I still wouldn't mind house hacking it....but how does that work when it's a commercial size property? Are there any loans where I could claim primary residence (and possibly receive fixer upper funding like a 203k) of a commercial sized property? Any advice would be appreciated :)