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

Closing on the duplex first and then finding a single-family rental works well. 

To clarify my previous post: 80% LTV is available on single family homes, 75% LTV is available for 2-4 units. 

He's in Austin so a little ways away from you, but he probably has a good referral for a builder in Dallas who could take on a multi-family build.

You might need to build that skillset to show those family/friends you are able to do it.

Having a backup plan, such as a HELOC or alternative financing options, could provide added flexibility.With loans spread across 19 single-family homes, consolidating into a portfolio loan might simplify management and offer greater long-term stability.

I've done it for single-family residential.

Hey Henry, my main market is Augusta, GA focusing on small multi-family with midterm/short term rental strategies. 

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

There are no stupid questions and there are many successful partnerships that have been created within the BIA family.