I guess I could do some work-arounds -- maybe reserve one unit in the first purchase for use as an AirBnb, and reserve my own time in it when needed - instead of claiming it as a primary.Are either of you (or anyone) familiar with a finance product/loan that will allow me to purchase under $150,000 (w/ strong credit) and do much of my own work and live-in a portion as a primary residence?  

Number of units?

Investment Info:Large multi-family (5+ units) buy & hold investment in Flagler Beach.

First, the property management cost is only $3k for 8 units.

United Wholesale Mortgage is only lender I'm aware of that allows for $100k or less for a DSCR loan.

It does seem to use a little bit of vague language I guess when it comes to "can it be easily/cheaply done".  

If you can offer a nice unit that is updated for slightly lower than market value, it is going to keep your vacancy rate at a near 2% per year. 

Now, are you planning to house-hack and live in one unit, or going full rental?

Quote from @Tyler Garza: Deal :Duplex Home2 beds / unit2 baths / unit3,000 sqftAsking 300k60k downEst rent/yr - 31,2005% Vacancy20% Op ExpenseMortgage 240k assuming 7%Results: CF - 6,600Cocr - 11%Cap - 8%Looking at this for a buy and hold and trying to determine if I am analyzing this right@Tyler Garza I can get to your COC of 11% and cap rate of 8%, but since I don't know your loan payment or amort, I'm not sure how you got to CF of $6,600 - I'm getting arond $4,600.And a couple of things jump out at me with your assumptions versus most of my CFO clients: 1) a 5% vacancy rate and 20% Op exp margin seem a little low, 2) an LTV of 80% LTV (with a 7% interest rate) seems high unless you're house hacking, 3) Depending on the location of the property, the $1,300/month/unit rent may be low.

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.