We recently acquired our first commercial multifamily property, so I understand the transition you’re aiming for.

The problem with vacancy is it assumes all products are the same, our 2 bedroom which is designed much better than our 3 bedroom and more thoroughly remodeled has lower vacancy.

He's already making (effectively) around $350/hr - if he's paid on production he could also just make another $175k a year with those hours. 

I have a client in KC that has acquired 45 SFRs and is just now looking to buy MF properties.Two of the biggest things to consider when buying a commercial property (5+) versus a 1-4 MF is cost (e.g., the appraisal for 5+ is at least $2k-$3k) and the financing structure by lenders because Fannie/Freddie don't generally buy loans for commercial properties.So, for you personally, the biggest driver for the type of your next property is probably going to be the amount of a down payment/equity you can put in the property.

All programs have LLPAs but that's more so any bank's individual guidelines and overlays to specific product pricing.

Hello, 
I have a property i purchased for $165k with an ARV of $350k. After putting about $50k into the property,  I’m just about $25k from meeting my completion goal that includes stucco, drywall, and siding. What d...

We have a 30Y Fixed DSCR product that would likely fit your needs. 

I am not a big fan of selling assets once I have worked to acquire them. 

With the extra cash flow, you could strive to acquire additional income-producing properties over time.

There are FTHB bridge products where are you need is a 640 score and 9 months of reserves.