The 3% rate and lower tax base will give you an advantage down the line, but it’ll likely be 5+ yrs.

I have lived in my unit for 2 yrs and my plan is to do another 2-3 before I move out and have longer-term tenants cover the mortgage and HOA fees. 

., you probably won't get paid until 4 yrs. from now.

@Hitanshu Shah-congrats...assuming the 4 plex will be a rental - your best bet will be 25% down and likely a 30 yr fixed program ....if you plan to sell or refinance  the loan within a few yrs - focus on the option  with the lowest loan fees 

My first lease, almost 20 yrs ago, came from Staples, lol!

@Jonathan Feliciano- thanks - you are fine and will be OK for a loan to be done as a primary residence even if you plan to live there under 2 yrs 

Up to 80% if FICO is over 780, no appraisal under $250k value.First Republic - CAFremont Bank- CAFrost Bank - TXFulton Bank, PA, NJGFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NHGranite State CUNH 90-100%Great Lakes Credit UnionChicago area ILGTE FinancialTampa, Sarasota area FL w 2 yrs tax history on propertyHanscom FCU, TXHSBC 70%, for premier clients only.

Min buy in is 50k, pays quarterly distribution. timeline 5-7 yrs, getting very good loan from insurance co source at 6.75% or so with interest only on yrs 1-3 then no defeasance penalties thereafter if they re-fi or sell.

And just to clarify if anyone else is reading this: buying an interest rate cap, while effectively buying down the interest rate is NOT like buying down the rate on your personal mortgage.A point on your personal mortgage locks in the lower rate for 30 yrs and the mortgage fully amortizes.  

Lori = I have 23 yrs experience , I take full advantage of opportunity.