Interesting to hear there are anti-RK folks out there, but then again, aren't all public figures subject to scrutiny....I just signed up to download your book -- great looking website and nice logo.Here's a question fitting for the newbie forum: what's the one piece of advice you wish you could go back and tell yourself before your first purchase?

The distinction is that 4 units or less is referred to as residential/small multifamily, and 5+ units is referred to as commercial multifamily.Here are the CO state guidelines for "Motels, Hotels, And Multi-Family Dwellings": https://www.sos.state.co.us/CCR/GenerateRulePdf.do?

@Stuart UdisYour post highlights an important distinction between two different lending experiences.  

It's an Oped piece requesting the city council roll back some laws. 10 years too late. 

It enables you to take advantage of a smaller, if any, down payment while owning/controlling a piece of real estate.

& Account Closed Thank you both for responding... this is exactly what i experienced, it is pretty clear thats one of the key value pieces for a wholesaler, you have to be the point person for all parties.  

As a realtor myself, I’m open to any referrals or suggestions on who might be interested in such a distinctive property. 

The part about 'foreign national loan' companies assigning a credit score was a piece of the puzzle I was missing.   

Overall, I would say not to let the compliance piece scare you away. 

After expenses should be 10k a piece for you and your partner most likely tax free, which in the Midwest is a very good start.