There are times when a heloc plus a traditional mortgage makes sense and there are other times when its best not to take any loan the property itself dictates the structure in my opinion

Hi Christian. 

@Louis Vaughn Hey Louis, What we used to buy our first MF building was a traditional FHA 30-year amortized loan, as the 3.5% would certainly help you as this is your first time. 

The agreement has to be the longer traditional forms we are used to seeing but I's rather have one because it includes provisions that protect both the landlord (me) and the tenants.

Are you planning on working with investors, or with traditional buyers and sellers?

@Phil Christian - That's how I've viewed it but the question remains, do you include Cap Ex as part of the Valuation when determining how much money the property is worth? 

If you need an architect, contact Christian Overbey. 

I would find it extremely surprising though that you would be able to qualify for a traditional type loan and not a conventional. 

Cheap places to get hardwood floors outside traditional retailers.

If a conversion makes sense for the investor, there would be the secondary question of whether to do individual properties incrementally over time or all at once.If the properties are held directly by an IRA custodian, there would be paperwork and re-titling to move the properties from the current traditional IRA to a new Roth IRA.