Now, are you planning to house-hack and live in one unit, or going full rental?

Until you don't -- like when you have a big claim and it's denied for violation of the policy terms.You're essentially operating a 1-unit hotel and you really, really want a commercial policy for it. 

Quote from @Somesh Mukherjee: Hi all, I am looking to diversify & add a small apartment (3-4 units) to my portfolio.

Number of units?

I have a 2-person unit with a glass top dining table and it has worked well.

I'm with a third-party Property Management all over Houston managing a little over 300 Single-family or Small Multi-unit rentals!!

Investment Info:Large multi-family (5+ units) commercial investment investment.

For experienced investors who have done 5+ similar rehab projects, I can lend up to 100% of the purchase price and 100% of the rehab on light 1-4 unit rehabs. 

They have a 3 bedroom unit coming too. 

With SFR, they appreciated at a national average of 3.8% from the last study that I read in 2024.