You can’t because the tenant would have to say…I only want to live in this 2 square miles, I need 3 bedrooms, I want a 2+ car garage, I need a yard for my big dog, I want laundry in the unit, it must be on the ground floor, nobody above, between 1200 and 2,000sf.

We spent the last year remodeling the basement ourselves and currently have our first medium term renter (We fully furnished the unit to squeeze more rent out). 

Commercial lending doesnt have rules about unsecured funds use (credit cards, personal lines, etc) that residential agency financing has (fannie/freddie 1-4 unit).So where you obtain funds to consummate your equity (down payment) of your transaction is more flexible.Its one of the reasons to build a business that has a good credit rating so you can obtain money to build your real estate holdings. 

The same for the guys who talks about all the units he controls (when its really a company you work for...owned by a number of people you've never met). 

In 2018 I bought a six-unit property with 10% down and earned great cash flow.

I just finished my largest and most expensive rehab to date (and my first to go way over budget, 123 year old units can get expensive to rehab).  

When you say multifamily are you talking about small(residential 2-4 units) multifamily or larger properties? 

what I was thinking I can do is move my family into the empty unit after the lease is up and attempt to furnish the unit I live in currently ...

I recently found a property on Zillow that looks to be in good condition (built 1940s) and has a finished basement that could be rented out as a Mother-In-Law unit (separate entrance, kitchen, and bathroom) while my partner and I live upstairs.

Investment Info:Small multi-family (2-4 units) buy & hold investment.