Asking me for LLC docs few times over and quoting on a rate sheet that was for single family and not town house.

I am interested in an area in southern Illinois, it has a few multi family properties that come with tenants, but they have been listed for a while.

Investment Info:Single-family residence fix & flip investment.

Your answer needs to make sense, and be true.Also refi'ing your current primary into an investment loan also has the potential to be fraudulent if your family still occupies it as their primary. 

I'm primarily single families and 2-4 units

Other most common factor: Family Size increases due to marriage or having a child. 

Investing in AZ, NV, ID, where you have family or friends that is a day away and you can start to build a network and team to help manage a property.  

In this case S8 is probably not a good option.If you are convinced you can find a great family that will take care of your property, then either option is fine for you. 

Also, watch out for any litigation or construction issues that could lead to HOA fee increases down the road.Alternatively, you could consider a good deal on a single-family home or a 2-4 unit property.

To leverage the STR loophole, ensure active participation in managing the property.