@Chris Ha, In multifamily the number of units is important, the loan amount size, occupancy rate, if the seller can provide P&L's or tax returns, your experience, population, state, city, value per door etc. will determine which multifamily program you will be able to apply for. 

If you apply and are approved we agree upon a date usually within 48 hours and we sign the lease.

I will appreciate some feedback on the following scenario: I applied for a loan with my bank to buy a townhouse (asking 185k) which will be my primary residence.

If there is banked rent, you can raise those too.For especially tenant-friendly like San Francisco, apply extra knowledge around tenant's right before acting.

I'm struggling with determining market rents in my area, and I'd appreciate some suggestions.My situation:All SFRs in small town (pop. 2100) in southern MissouriThe usual resources in my area don't apply.

I was going to try and brrrr the house not flip it but the same concepts apply for the most part.

The normal conventional limits of 10 investment properties will still apply. 

I am looking for information re screening applicants as it applies to the Fair Credit Reporting Act. 

I'm new to this as well but the only way I get deals like this anywhere near 12% cash on cash is if I apply the 70% rule to the purchase price.ARV (after repair value) x .7 - cost of repairs = max offer price.You should be paying closer to $100K for the cash flow to be right.J

The issue is that I just moved into an apartment so if I apply for a mtg, I don’t want to commit mtg fraud, but I also wouldn’t have enough potentially for a 20% down payment for a rental property loan.