You can include this in the inspection contingency regarding the condition of the property.If the multi-family is in a multi-family zone, you are fine.

@Chris Seveney, I can't speak for the intent of having the structure listed, but given this is a closed offering, my layman's understanding, it is fine.  

I have some properties on my list in the $400's projecting $65k.If you stay out of a flood zone you will be fine on insurance

Moreover, the fines are tens of thousands of dollars for EVERY call or message.

@Jonathan Feliciano- thanks - you are fine and will be OK for a loan to be done as a primary residence even if you plan to live there under 2 yrs 

I’m gonna be moving soon and currently have a cleaner for my STR and I handle the rest which is fine while I’m around the area, but moving states away I’m not sure on how I’m gonna do this  and I will have 2 separate units.

Make sure the numbers pencil and you should be fine. 

You are both doing things right, keeping jobs, upgrading them and making more money while nurturing solid investments.HELOCs are fine, but start by just taking a small amount off of one so you don't downgrade your cashflow to much, and use it to do your same thing again.

It doesn't earn much interest, but plan to credit tenant back whatever it earns.  2)I'd call for an insurance estimate "if you decide to rent" to make sure they would cover you and that costs wouldn't rise significantly before you determine rent amount.  3) if you've already lived there over a year, most mortgages are fine with it becoming a rental.  4) For screening, I just use Transunion smartmove so tenant can pay them directly for the credit/background check, although I do have a separate application they fill out so I have their pertinent information and emergency contact in case I ever need to evict.  5) if you have only the one rental, I wouldn't open business checking and pay those fees. 

BP lenders by and large are fine but they but a small fraction of lenders out there.. the lenders on BP have to pay to be there..