My partners and I subdivided the property into two distinct rental units:Unit 1: 2 BR / 1 BAUnit 2: 1 BR / 1 BAGiven this setup, the property is now being used as a multifamily dwelling.

That may not be the best strategy given the cost of getting an MTR set up, so here is another approach.

@Jason Tucker Thats a good setup for what you are talking about.

Count on the rate to be at least 1% higher than where you'd be for a primary residence, and to maybe even cost a little in points depending on the program, your credit scores, etc.Happy to help you think on this more if you want to setup a call.

The alternative is to set up a self-directed IRA, or better, a truly self-directed Solo 401k plan, invest in alternative assets, and then do the conversion.

Setup all business tools like a CRM, MLS access or RE software suites a webpage digital business cards a Facebook business account. 

Now, if you have a good Broker and he is set-up at 8 different lenders already and he/she is great at the processing and getting loans closed then I'd say they are worth their point. 

If you know a cash flow market well, you are set up to succeed there in both ways.

Set up an LLC in the property’s state for liability protection, and consider a parent LLC if needed.

I would love to help you get some referrals to help you set up your CORE 4 to get you a solid team to get going!