I just had a bank tell me that per new Fannie guidelines, the minimum down payment on a 3-4 unit is 20-25%, even if it is bought as a primary residence.

And this does not include the real world issues, namely are you even allowed to convert this property to a four-unit and taking a single family to 4 unit is very likely going to cost more than $110k (but this depends on the actual layout and work scope).

Right now, we’re seeing a slight increase in inventory and some corrections in rents, which could create opportunities—but achieving solid cash flow on a condo can still be challenging.Getting pre-approved is a great first step to narrow down your options and focus on locations that make sense for your goals.

I'm a high achiever, miniature boss-lady with a 140 IQ and an undergrad in mathematics.

My unit is a 1090 SF, 2 bed 1.5 bath townhouse.

I will be moving into the upper unit. I

well going to Nuk on them sure wont achieve the return of investment all but assures a wipe out.  

Then in about 1yr move out to a SFR and rent out the unit I occupied in the MFR. 

I can’t say I disagree with the analysis, just think (I’m sure this will sound incredibly stupid in the future) ultimately bonds and mortgages are likely to trade in a very narrow band the next few months, without a really nasty recession I find it hard to see them getting much below the 3.75% they hit Monday, I also think the Fed wants to keep the number below 4.25% because while I don’t think the economy is in a recession or anything it’s clear to me and I think the Fed as well l, that the economy probably can’t handle another year of rates above that, they will lower rates & possibly even taper qt to achieve that outcome.

Distributions are being paid from reserves or out of syndicators own pocket.Syndication B: Sold a deal and achieved a 30% net to LP IRR.