According to MLS data, the multi-family market in Providence and Rhode Island cratered as it did in most of the country between 2007 to 2010, going from a peak of around $280,000 per residence to $100,000.

I'm offering my primary residence as a LO. 

Just to add to the discussion regarding DTI etc. and mortgaging your personal residence.

Valued at $85KProperty #4 (Primary residence)Purchased for $292k, owe $251K at 4.85% interest rate (condo).

The house was purchased with Cash using HELOC funds from our primary residence.

This is my primary residence - my parents do not live here.

HELOCs are for your personal residence, as in where you live.

They told me that I had to insure my personal vehicle with them otherwise they wouldn't insure my primary residence.

@Justin Guidry,Good Morning Justin,Very new to investing, but I have been a caregiver in two ALF in Lafayette.Day to day duties were to check on every resident every two hours, assist them to and from activities if needed, such as the in home salon, church, etc. taking the residents to doctor's appointments and the light houskeeping of the rooms. 

However, I reside in Florida and I am not familiar with the area or vacancy rate.