It's a single family dwelling and the rent should cover all of my expenses.

@Michael Lang,For next few years, dwell outside your comfort zone.

Basically we are wanting to take an old building and convert it to a few apartments or townhouse/condos or even to start small and just convert to a single dwelling.  

I've found no fewer than 9 multi family dwellings that are ripe for the plucking but I'm so broke I can't afford a free phone call. by my estimates, these properties combined would net me $8,600 a month in revenue depending on mortgage payments. it is painfully frustrating to see these numbers and not have the knowledge to obtain the capitol to put them in my portfolio.

I was unnecessarily and not very clearly drawing a distinction between 1-4 unit Single Family Dwelling vs. 5+unit "multi-family" financing.  

These include, but are not limited to: residentially zoned land and house lots; three family homes; apartments and tenement houses; multi-family dwellings and housing developments; publicly assisted housing; and, single and two family residences intended for sale.All commercial space, for sale or for rent, and all land intended to be put to commercial use are covered by M.G.L. c. 151B, s. 4.(4) Property Not Covered By M.G.L. c. 151B, s. 4.

The builder's risk and vacant dwelling policies are expensive and cumbersome to get for each property individually.

So, I've noticed, investors recently built very nice duplexes and when I check the county CAD it shows A1 Fam Dwelling.

Do I charge my tenants rent if they are still occupying the dwelling?

Pass only,they never tell you your passing score because they don't want you to dwell on it or bug them about what answers you got wrong.Congratulations on joining our California club!