Quote from @Burke Atkerson: With over a decade of real estate investing experience and over 100 flips, I now provide private money & hard money loans.

If it's on your credit, you are on the hook for it.However, it shouldn't effect the loan process too much, a simple Letter Of Explanation should be able to get the job done with the correct investor. 

Loans at 4% Returns at 5% but hard to find that these days...dollar is surprisingly strong.

Investment Info:Single-family residence private money loan investment.

Unlike a mortgage the interest on your loan will not be tax deductible.

You can get a normal owner occupied home loan to do this. 

Martin They get a bank loan, but most do not start out in MF, they start out in residential.

I had a call with a loan officer yesterday and I am very intrigued, but haven't heard much in recent discussions for this product or found anything in the search bar for this bank. 

If that's what you're really after I would start with the basics of what kind of bank loans either residential or commercial are available to you - not saying this is the best option, but it's a good place to start.

We decided I’d utilize an FHA loan to buy my first property.