I wonder how the mini-split would perform as a heating device for cold places, like Detroit.Anyone with experience?

does anyone know how to find posts from members that are looking for hard money or private lending on the mobile device app?

Sean, If you aren't willing to go FHA, then yes 3-4 units will requireat least 20% (Freddie mac) or 25% (Fannie mae).  

A "conventional, conforming" loan (from Fannie Mae or Freddie Mac, if you recognize those names) have no prepayment penalty. 

Originally posted by @Mac Usher:Hi BP family, I want to ask a question........I want to buy 8 units (2 Buildings) on the same property for 1 flat purchase price.

Another loan option to consider, would be doing Freddie Mac's HomePossible loan, which requires a 5% down payment and it's conventional financing as opposed to FHA. 

My idea so far is something along the lines ofReceive list of non-performing loans offered by a bank, Freddie Mac/Fannie Mae, some other source.Underwrite each loan to determine the price we are willing to pay, given the info providedSubmit bids on each loanPurchase the pool of loansReach out to each homeowner, determine whether new terms, deed in lieu, or foreclosure is best optionSell newly performing loans or foreclosed propertyDo I have it mostly right?

But i spoke with few mortgage broker, and one of them even called the Freddie Mac to confirm and they told him that they don't allow escrowing the rehab cost on HUD.

Mac with Concrete Cowboys!

I got a Freddie Mac loan for my commercial property and in the approval process they mentioned they don’t really like distant out-of-state purchases for first deal.