Commercial Loan after a residential loan

[Neil Stern]

OK! So i would like to purchase a three unit home in brooklyn NY -  my first investment property -  I was told by a broker that i would have a very tough time getting a residential loan as i already have a home. this information did not sound right to me - is it accurate?

additionally, I plan to renovate the property and in 1 year, recoup my cash through a commercial loan. as i mentioned, the property is only three units.assuming that i succeed in bringing up the NOI is it realistic to think that i can get a commercial loan in a year? The same broker told me that since the house is in a weak brooklyn location banks will not necessarily go by the NOI / Cap rate.. is this true?

Finally, if my property is in ny - will non local lenders do the deal? 

thanks!!