:) Super Jumbo is generally up to $5m & still largely algorithmic like you are used to, larger than that it's generally done on a one-off basis.Worth noting is that technically the lender still must follow the post-recession "Ability To Repay" rule, meaning the lender can't just go "oh, 40% down, we can't lose even if we have to foreclose, loan approved!"....

My concern with the FHA loan is that she (and technically we since I am on the loan), are filing the partial claim on the FHA loan as part of the HAMP refi.  

I kinda agree with @Larry T. there is presently a storefront vacant building right at the corner of where i leave, the store is rented out but the apartment is vacant and it has been like that for at least 2yrs.You also need to be wary of the location, correct me if i am wrong but buildings were there are apartments and stores are technically in D, E locations which could have a lot of issues. this is based on my drive and stay in Rochester NY.Your located in NYC, i think you could take a day or weekend off to come down here and check the neighborhood out.

I wouldn't want anything commercial mixed with rental.. to much foot traffic, Laundromats are huge utilities to run and to keep up with mechanical fixes.. and lots of stupid sit in and wait traffic.. big drug potential unless you have a staffed location.  

I thought you can't technically have access to the home to do work in it until after closing?

@Stephen Stokes, Technically a duplex is not a multifamily property, that may help with your research in the future, but I don't think that it made a difference this time.  

Although you could technically form a property management LLC and create an agreement between yourself and the LLC.

I am an Account Manager in the Staffing Industry.

I would ask this question in a thread which deals with seasonal markets, since you may get some creative responses.My market is technically seasonal (I do have 90%+ occupancy year round) and we evaluate properties with a 50% vacancy outside of the town I live in.

If it goes to court, technically the one who moved out broke the lease and is also responsible.