I built my team of sub-contractors and now I focus primarily on mid-sized multi-family.

Garden city has a very small population size, the location would be classified as rural and this is essentially a non starter for most hard money lenders.

He and his wife currently run a medium-sized business that makes a fair amount.

I'd be curious to see a historical chart.  

The national banks can't think outside a small, Maru-sized box.Let us know how it goes.

@Nick Rutkowski I have done it... albeit small sample size.

If there are no such rules in your area, I still recommend a separate escrow account for each tenant's security deposit; there are some banks that have "master" escrow accounts that allow for each tenant to be a "sub-account" under the master - this is also a good way (maybe even better if you scale up in size).

The size of the house is about 35'x 22'I do not need a full 2nd floor.

You'll have same issue but at a different portfolio size, that's it.

Thanks all,Preston Henman Define your buy box, which area , what price , what size , how to finance based on your risk capabilities.