I’ve sourced a few off market properties that are closer to $400-$500.

Quote from @Robbie Shiver: Quote from @Tim Delaney: One option is to call around and talk to some STR managers.

Conventional loans are an option if you have good credit, but they can be harder to get for flips.

Another option you can do is buy using conventional first and as long as you can live in it you can rehab slowly if you have the time and use money for rehab from another source if possible.

IOne option is to obtain a Letter of No Objection as to the home's use as a 2 family from the New York City (NYC) Department of Buildings. 

If it was originated recently an option would be to have them refinance it - but if it’s a low interest rate then they will most likely want to keep itWhat does your operating agreement say about this?

While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.There's this thing called Hierarchy of Tax Authority that CPAs and Tax Attorney's reference.Let's not get too carried away with comments like, It serves as a guide and cannot be used, cited, or relied upon as an authoritative source....

House hacking with an FHA is a great option, with that loan, you can get up to 4 units and also use the income from the other units to qualify with the back and DTI.

I'm having trouble finding any real solid information, experts, or sources on the subject, so I figured I would reach out to the BP community. 

Think about your target strategies, like short-term or long-term rentals, and whether you're looking for financing options to expand your portfolio.