These are professionals with additional training and a stricter code of ethics.

This plan also offers many integrations (at an additional cost) depending on what your needs may be.

In addition I heard that is better having one LLC for each property and one for management only.

It's easier to scale with multifamily properties due to income potential and operations.

Furthermore, whole note investments benefit from an additional 0.5% annualized yield and are entitled to a share of any extension fees charged to the borrower."  

If I read the story correctly, your client did not report rental income.

My goal is to live in the home during the winters, maybe 3-4 additional weeks for vacation, then rent it out to help cover the mortgage the rest of the year.  

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

Lender does not look at your income, just your FICO and they want to see rental income.

(Especially a 2-4 unit.)Do they have friends/relatives/co-workers that would rent rooms from them if they bought a property to show more income?