Keep in mind you must conform to your local section rules and meet their level of standards before they approve your units. 

-You can do up to the 4 units with only 3.5% down for FHA.Standard Conforming Limit Financing For A Fixed Rate Purchase, Primary properties, Mortgages 1-6; A SFR requires a LTV of 97% (first home only) then 95% A Duplex requires a LTV of 85%A Triplex & Fourplex requires a LTV of 75% (You may be able to go 80% LTV via Freddie Mac, but it is difficult to find a lender, this high)A minimum credit score of 620

So I spoke with a loan officer at a regional bank last week about a conforming mortgage on a two unit.

I reached out to the broker and she told me and showed me documents saying its a non-conforming DBO zoned commercial building.

Down payment $83K*0.25 = $20,750.That's completely false but again it could be right if in that originators area the va limit is 417k so he may through you were talking about 1 unit properties where the loan limit is 417 (conforming loan limit).Loan limits for VA got simplized in 2015 to whatever the high loan balance of that county is so for instance the one unit max for va in San Diego is 562,350 and it goes up from there to a max of four units va does not do 5 unit Multifamily Atleast in the residential va program.The part about 25% of the difference is correct if you're going over the limit however the "limit," per county is different in ever county.

Conventional/Conforming or Private?  

Your new lot is the non conforming and new addition.Off to Movers and Shakers now.

He tells me re-zoning in Seattle is a nightmare and now with the new rental registration ordinance, the city can inspect and if they do, my non-conforming triplex could  be discovered.

I want to offer my investor the most protection from litigation and Uncle Sam in a legally conforming way of course.Any suggestions or tips on how to shelter profits and reduce tax bill would be greatly appreciated.

Hello, I'm lost and need some guidance. I'm considering a 2 story SFR with a mother-in-law at the basement level, in Seattle. The SFR was converted to a triplex and is on a fairly major cross-street with other apartme...