If I could get the property for under $200K, subdivide the property and build a second larger dwelling, then it might be advantageous for us to do so.  

@Manolo D., well if it's "just like any other lender", then you owe him no loyalty, being "just another customer", right?

I'm from the Toronto area and looking to get into multifamily dwellings.  

According to the American Land Title Association, the following types of loans do not have to comply with TRID:Home-equity lines of credit Reverse mortgages Mortgages secured by a mobile home or dwelling not attached to land No-interest second mortgage made for down payment assistance, energy efficiency or foreclosure avoidance Loans made by a creditor who makes five or fewer mortgages in a year And, in addition, 100% cash transactions (no lender involved) are also exempt.

@David Tipton  it's basically straight forwardClass-A: Above averageClass-B:  Average, FMR rent rates for the same configuration of dwelling; xbeds-ybaths-zsqftClass-C: Below average

Thank you for replying.The quote I received was for an entire year for that dwelling.

The Final Rule applies to most closed-end consumer mortgage loans that are secured by a one to four unit dwelling attached to real property.

On owner occupied dwellings, you are correct.

Hello Everyone,I need some help in regard to this: The property is a four unit all single metered 1 bedroom and 1 bath. The seller would like to sell the property for $90,000.00. The tax value of the property is $165,...

One that owns and rents land, buildings, or dwelling units.2.