Hi Jaycee, I did barrow from a local bank, this is my third property with them.

What it appears matters most is who the issuing bank is. 

I am also a lender, with Chase Bank, but want to expand my knowledge on hard money and private financing options.

If you want to put the deposit in a out of state/online bank, then you will have to furnish a bond.  

You can probably just go ahead and live in that 5th unit, but I believe whenever you go to refinance it with a bank or what not, the 5th unit will make it require a commercial loan and not residential regardless of what the county records show the property to be. 

The home was a bank foreclosure from a reverse mortgage.

Most foreign buyers are high net worth individuals who want to park their money there in a safe haven and they don't need BP.No restrictions apply to American buyers in the countries they'd generally want to buy, including those mentioned by Federico and many other popular countries.When it comes to Spain specifically, some more conservative banks will ask you for a 40% downpayment (that would be the maximum) but that isn't the rule.

Brighton Bank is where my MLO license is at.

Qualified applicants that get priced out of rapidly improving neighborhoods will move into these areas but it seems like they aren’t biting.High quality, lower income applicants aren’t stupid and they won’t settle.If you think this area is a losing proposition, I would think about selling and not banking on hope.In regard to vacancy, I don’t consider any area that has average occupancy (economic and physical) below 95%You might pay more for a better area but time will treat you right and you’ll make a ton of money in equity over the long term.

See the attached maps of his/his related entity real estate investments (courtesy of The Wall Street Journal).