Please secure the commercial coverage; agents will sell you non-commercial policies but any/all claims will be denied and your policy cancelled. 

Hometown banking at its best in my opinion, I've had wonderful experiences with them with non commercial mortgages and rehab flips, ( rehabs, and flips it's been a bit).

The new houses being built are 3 bedroom houses on small lots and I own one of the bigger lots in the “peasant” part of the subdivision.

Brandon's first BiggerPockets webinar is about a 5plex that 1 unit was decommissioned so it was a 4 plex to make selling it more accessible to a larger non commercial market.

I'm looking at rental properties (non commercial).

Seems perfectly doable and after looking around in south FL I have gathered most people are already into it.The simplest house hacking method is to buy a property with 2-4 units, live in one and rent the others.Up to 4 units is still considered a non-commercial property.This let's you put down 20% on conventional loans and 3.5% on FHA loans.That's the golden ticket for house hacking.Buy a 4 unit using 3.5% down, live in one (cheapest one), rent the other 3.

But I did find out that it was a fixed 15 yr conventional personal mortgage (non commercial) at 80% LTV.

(One of his reasons was that the Intervivio Trust is financeable in non-commercial transactions)His take away was "Build your business around profitable Ideas"Again, you will hear this the most: Please consult with your attorney:) 

as others have mentioned its a roll up your sleeves business.. lots of moving parts and lots of regs if your dealing with non commercial paper.. having a substantial sum to invest is the way to go.. as you need some volume in my mind to justify all the work that goes into these things.. just to make a few % more return than find out or working with someone Like @Don Konipol and their performing notes. 

I know Quickbooks LOVES you to use invoices, but most (non commercial) clients HATE them and I hate them.