Don't mess with the fire marshal...I know an investor in NB that got a warrant out for her arrest for not completing the punch list that a fire marshal created for her- it was a huge headache.Especially in buildings with more units, the fire marshals are much more strict.

I don't know your criteria for a good deal, but if you're strictly looking on market for a quad in Raleigh you likely won't find one in the near future that meets what you're looking for.

You are strictly a middleman.

-> We reject 95% of the deals we analyze -> Most don't meet our strict criteria-> for safety and returns.If you've been considering diversifying into real estate but aren't sure where to start, let's connect.

But it's not strictly required. 

You can use conventional financing, up to a fourplex, and if you live in one unit you may reduce some of the property tax for the space you live in as it is your primary residence and you can also buy with very little down as opposed to buying it strictly as an investment property.Duplexes are a great option and you generally also always have at least one paying tenant and can be bought similarly.

We also have a strict policy that anyone 18 or older living on the premises must be properly screened and approved. 

LTRs are not attractive with a STR unless there's a strict level of isolation.

I realize residential financing doesn't currently allow for this and pulling money out down the road could be more complex or strictly in the commercial lending realm.Any and all feedback is appreciated!

It’s common to hit some hurdles with traditional lenders, especially when LTV requirements are strict or when cash flow doesn’t align with standard underwriting practices.If you're looking to refinance quickly and pull out cash, private lenders might be more flexible with both LTV and the cash-out process.