We specialize in new construction SFHs and small multi unit buildings in Chicago. 

I’m planning to do this for 3 multifamily properties all located in MA, each ranging from 2 to 4 units.

The offering would be at 490 units at $1000 unit

Investment Info:Small multi-family (2-4 units) note investment investment.

Both flat and percentage base charge usually a 1 month fee to lease out the unit. 

We have been able to save up some money for our first turnkey multiple unit building.

Quote from @Michael Lam: Hi All, I'm an out of state investor looking to start a rental portfolio in the Cleveland area for small multi families (2-8 units).

@Cameron Marro - I would work to get her out, move in to the bad unit and rent out the good unit. 

Nothing illegal about doing that, but if caught, the lender may call the loan due and if you don't correct the situation or pay the loan off, they willstart mortgage foreclosure.3) You could also go the HELOC route to tap the equity in the home, but the 12-month owner-occupancy will also apply AND the interest rate on the HELOC will fluctuate with the Fed Fund Rate.4) You could do a cashout refi as an investment property, but that will be at an interest rate 0.5-1% higher than owner-occupied rate.Suggest you meet with 2-3 lenders to explore your options about the above.Once you have access to funds, recommend you buy a 2-4 unit with 20-25% down. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.

. :) We currently have 24 units and looking to at least double that in 2025.