You can 100% use an FHA-203k renovation loan on multi-unit properties up to 4 units. 

Property values only going up up up for decades. 

If you end up going feel free to reach out. 

Obviously need to check zoning and set up costs etc. 

Quote from @William Dorrough: I currently either purchase and value add large scale multifamily properties or develop, and build ground up my issue with scaling is we have done this without brining in investors i have a great deal flow with a good track record im really looking to do more i have the capacity but have the need for more capital in one way or another  Scaling without investors can be tough, especially in multifamily.

Our tenant would have a key and could assist people in through that entrance if needed.We closed, and at closing the developer signed a contract to install a door and escrowed $20,000 in the event they did not end up doing it. 

Love it @Michael Johnson - Keep it up brother!

That's not what I singed up for but maybe something.

You just mitigate it as best you can, carry good STR insurance and roll the dice!

My "middle" is close to my bottom price and I picked up another $75,000 of free equity, for a total of $198,000 free equity in 5 days on two properties in 2025.