This has been argued til the cows came home and left again.The very best source to get this answered will be from your state department of finance or the CFPB (if they Fed will give an answer).What you're asking about is "loan classification".

There can, have and will be issues of any equity funded loan that is purchased later for cash in foreclosure, tax and bankruptcy issues as a new note holder will then have a cash basis.What is going on, for the non-lending types, is that each aspect of secured financing is being peeled away into fragments or stages of origination, processing, underwriting, loan terms, funding, collateralization, collections and servicing where each specific function is falling under new requirements for compliance and to be performed by qualified parties holding an appropriate license.Last issue at this point, loan classifications are made under several considerations, type of collateral, the borrower, use of funds and other considerations.

Saying that you can ignore DF if you do less than 5 or 3 or follow 8 underwriting aspects is not the whole story nor are qualified mortgages necessarily embracing individual investors selling with seller financing, lumping them into the classification as a "Lender".

Thank you and respectively, Non-owner occupied residential properties are not commercial transaction per se, loan classifications are more difficult than that, if the commercial angle was your point.

If you have to set home and let other people source your deals your going to pay far more than a local in the same market and in the same asset class. If

About half of my class if not slightly more have offers from their summer internships which pay the market rate which is still 160, with about a 10k bonus.

Although purchase price is critical to achieving success in RE, I'm a firm believer in owning the correct asset class. If

Then the other is that items put into form 4562 get grouped by classification in line 19a-i it seems?

Just an example of what can happen I would imagine to any classification of real estate, but IMO condos are more susceptible to the ebb and flow of demand.

I would like to find out a more specific definition / classification of what exactly constitutes a multi-family dwelling.The terms dup-lex, trip-lex, quad-plex, 5-unit +, apartments, etc. seem to wear many different coats.For example, I would see a building like this and when I search on the county's zoning map it would be defined along the lines of a "low-rise" apartment: I see many small units combined into one single building with various access points.However, I also see other locations / neighborhoods that are filled with only SFR's and straight-forward duplexes.