Do you agree with those statements?

These penalties include:Five years in prisonUp to $500,000 in finesEquity Skimming may also result in Conspiracy charges, specifically conspiracy to commit bank fraud and false statements to influence a financial institution.

If I can replace the bathtub with a shower, I'd be able to make the bathroom feel larger.  

Also, most banks will not allow you to "borrow" your down payment, so what you would need to do is get the 50K personal loan and then have it show on your bank statements for two months (without showing the money being deposited, so in reality this could be 3 statements before you have that. 

Quote from @Chris Seveney: Quote from @Devin James: In 2021, we saw buyers upgrading to larger homes, taking advantage of 3% interest rates to afford an extra 300+ square feet.Today, smaller homes are selling much faster as higher rates make additional square footage less affordable.While rates are historically average, I don’t see them dropping significantly.

We have always asked for a bank statement, so we can cross-reference payroll deposits.

The meters are rented and the monthly fee ($7.50) can be charged to the tenant on their statement. 

I would agree if we were talking about financial statements, but as I understand it, we are talking about tax basis reports.For tax purposes, one can use a modified cash basis when filing.

Are you set on starting with a larger property, or would you be open to beginning with something smaller to build experience?

Unless I’m overlooking something, I haven’t been able to find mentors who specialize in helping rookie investors navigate the small multifamily space for properties no larger than four units.If you have any recommendations for helpful programs, coaches, or resources you’ve had success with or heard good things about, I’d greatly appreciate it.Thank you so much in advance, and happy New Year to everyone!