I’m looking to owner occupy 4 unit multifamily using a VA loan.

To achieve a March 2025 multifamily property goal in Tampa, consider financing options like FHA or VA loans, local programs, and building a team.

He approached me about taking a low-interest loan from him instead of a bank.

Yes, most of the reputable lenders have a min loan amount of 65k - 75k with a minimum of 40k - 50k of that amount going toward the purchase.I've been down this road before with a few investors who want to buy cheaper homes and what I can tell you is that - 1) It's not easy and 2) You WILL NOT like the rates, fees, and points.Think about it, what does a lender stand to make on an interest only loan for about 40k. 

@Christopher Satterwhite I know of a loan option that can help you out.

So I just have one LLC for the purpose of buying properties with commercial or DSCR loans.

Construction skills, loan skills, financing skills, legal understanding, real estate transaction skills, etc all greatly help.Personally I wouldn't deal with someone that has no money, lacks experience, or some kind of resources. 

Maybe leave a kayak for guest to use (have them sign waivers in case of accidents).Get some old furniture, some bicycles to loan and make a bed and breakfast!?

Just wondering about how to acquire a STR loan.

Commercial loans require 30%-35% down and a DSCR loan will require 25% down.