Ali,If you want to learn some of the tips and loopholes on the finance or banking side feel free to reach out or send me an email. 

They made their millions, and while they don't want the gravy train cut off, they also are looking at their personal bank account and thinking: I can put my cash in treasuries and still make $1mm/yr, so 'F' it.B) What is this "long time in business"?  

Anyone anyone buying these is a commercially minded buyer and has a clear requirement for cashflow.Sidenote, while banks and realtors consider residential 1-4 units, the county only sees residential as 1-3 units.

Every bank I have worked with on the lending side always requires builders risk policies.

DM with questions, our bank originates these loans.  

I personally would never borrow money from a bank or private investor if there was any chance of losing it. 

We used a HELOC from First Bank and they were great to work with in getting us a HELOC at a great rate. 

I sunk about $40k getting the place rent ready luckily cash flow was about $20k a month and I had it for about 10 months before the bank took it back. 

There is always a chance that rates will drop, but I would imagine $25K would buy down the annual rate so significantly that you would never see a lower rate offered by a bank so you wouldn't even think about refinancing.

I was at a CCIM luncheon recently and some of my lender buddies and I were discussing that many of their banks are getting out of multi-family because of rising costs to manage the properties...including taxes and insurance.