If keeping the owner occ loans long-term and moving on to the next deal(s) as owner-occ, you will run into tougher guidelines on your 5th property and then you are cutoff from conforming financing after your 10th (as was mentioned above. 

This is still a lot better than most DSCR lenders, who usually take the lower of market vs actual rent and subject them to the same DSCR.Also be careful how different commercial lenders calculate NOI and DSCR because it will vary from lender to lender; that's the nature of working in a (commercial) realm where every lender makes their own rules (as opposed to having conform to Fannie/Freddie). 

But again, seems like your property has plenty of spread and will easily conform to the debt service coverage ratio at $1,300/Month. 

Its all about your situation and conforming you goals around that and deciding what your able to do or not do.

We had a non-conforming residential property and got turned down for a mortgage, even though it was a legal grandfathered property. 

As far as financing, a 4-plex is considered a 'conforming' loan - like a single family house, so you should be able to use your good credit to get a decent financing rate.  

@John Moorhouse @John Moorhouse dropping out May make it harder for you to do certain things but coming out of that and succeeding anyway will be an accomplishment above and beyond the average folks who conformed.

Recently went to one and he told me I could get a non owner occupied single family for 10 percent down which made me question it.I believe Fannie Mae has a product that will let you buy SINGLE family units for 15% down (not 10%), though probably at a significantly higher interest rate than their normal conforming loans.My earlier comment wasn't questioning the LEGALITY of 10% down for non-o-o, just the SANITY!

Hey all, I'm offering on a property (in columbus oh) and my finance guy says he can't lend conventional fixed rate because  it's a non-conforming property.  

From what I understand, it is technically legal but non conforming and if it were to be destroyed for whatever reason I could not rebuild it as a quadraplex without getting it rezoned to RG.