:) I also have an amazing, local lender connection that offers hard money, DSCR, and other investment loans.

Would there be issues with the 30-year conventional bank loan itself for the 12-unit apartment since the down payment is from a HELOC?

Hello all, my wife and I purchased a property with a FHA 203K loan.

We do want to get the appropriate permit but I am thinking that will take a lot more time and additional expenses to have it all in order and we need to be able to refinance it since we are purchasing cash (we are having a hard time with a lender which we initially wanted to do a rental 30 year loan, but not sure if there will denied due to this non permitted alterations to the house). 

Since you are beginning to acquire multifamily properties, you will be taking a loan under your own name i.e. you are the guarantor.

It continues to improve and will improve. 

You're getting the equity, 80-90% per property per loan, upfront and trading the capital gains for interest which is deductible. 

It’s full of idiots who have nothing better to do all day than troll the Mortgage Grapevine, and they obviously aren’t making any loans!

However, many private lenders have minimum loan criteria. 

I own units with a wrap mortgage, however, the bank that had the current loan worked with us and basically let us take it over subject to because we were coming in to help save the owner/seller, so they were aware the whole time.