You have to make sure you are getting a mortgage for 80% of the appraised value at the time of your mortgage application.

Some of the ways to find properties include but not limited to:1) You can add loopnet to your list as a source as sometimes smaller multi-families are listed there as well. 2) Direct mailing campaigns to the owners3) Networking at local REI groups4) Through wholesalers but they mostly concentrate on SFH5) Partnering up with someone who has access to properties but no funding (if you can offer funding)

Lying on applications is not! 

Top of page for the White House:And I pulled Ben Bernanke's after reading on the news that his mortgage refinance application was denied due to being self employed for <2 years after he was no longer Chairperson of the Fed.Often these aren't super accurate; not uncommon for the preliminary title report to uncover more stuff.

Maybe internet access is limited?

That would severely limit me to what I am looking at for 2 - Units.

@Aaron Johnson1-4 family homes are FHA eligible.FHA limits are based on each county around the country and the owner's ability to pay.FHA includes mortgage insurance for the life of the loan.you can put down as little as 3.5% for a 1-4 family home.there are some allowances for adding closing costs to the loan.

There are a ton of ways to reduce your costs of maintaining this security barrier like series LLC (assuming your state recognizes them), utilizing lands trusts, limited partnerships, equity stripping, stacking entities, etc.Asset protection is all about setting up barriers or roadblocks in front of the person coming after you.

Many states have limits on security deposit, so any deposit charged would have to comply.

@Omar Khan and @John Casmon why would a partnership with limited partners not require the full syndicate work-up?