I personally believe single family produces the best rents and appreciation.

We lost about $100,000, which we had borrowed from family.

Your answer needs to make sense, and be true.Also refi'ing your current primary into an investment loan also has the potential to be fraudulent if your family still occupies it as their primary. 

@Travis Biziorek we've been on the same page about that forever:)Seems we both want people investing the RIGHT way in Detroit, so they brgin family & friends!

Investment Info:Single-family residence buy & hold investment in Valdosta.

Back when I was in finance, we had a broker who was charging a family 2% for management fees on their cash that was only making 0.3% at the time.

My name is Omar Santander a new investor that is interested in residential units (single-family and multifamily, with a particular emphasis on multiunit), house hacking, long-distance investing, BRRRR and mid/long-term rentals.

Based on how I am reading your summary it sounds like there is solid equity in the 2-family in order for a bank to cross-collaterize assets. 

These penalties include:Five years in prisonUp to $500,000 in finesEquity Skimming may also result in Conspiracy charges, specifically conspiracy to commit bank fraud and false statements to influence a financial institution.

Converting properties to multi-family is considered extensive rehab and those programs are a little more exclusive than the standard bridge loan programs.