@Michael Cheng28-33% Debt to income, 30% is a safe and easy factor to start with as you probably wont be close.20-25% down payment will be required for non-owner occupied properties.I would never borrow from my retirement accounts, I was just addressing your concern about having 6 months reserves required to get the investment property mortgages.

I would get the right people to green light the safety of removing it, and not just trust my own judgment. 

My main reason for considering commercial is because 1) the duplex and triplex and even 4plex market in my area is very competitive and it drives purchasing prices too high. 2) I guess I’m kind of a pretty ambitious guy and my wife has followed my lead and trusted my guidance and I want to help our growing family (2 kids and 1 on the way) meet our financial goals as fast as I can!

I looked it up and there are other addresses on the county website and it’s also a “Family Trust”.

For example:  In a case where a client had a bunch of rentals in an IRA-owned trust, the IRS contacted the trustee, property manager, and some of the contractors and inquired as to both what they did with the properties, as well as what the IRA owner did. 

@Dustin Maxey If you are going to be an out of city or out of state investor you will definitely need a local team you can trust. 

Some specializations within real estate include:Transactional (closing attorney)Landlord/tenant/eviction attorneyAsset protection (setting up LLCs and trusts, and advising on the best structure)Commercial real estate (Includes negotiating leases and P&S)Contractor/construction attorneyPerhaps you want to fill us in on exactly what you're looking for?

But you have to check properties out and put in some time and usually some money (for inspections) to properly dig in and know a property.My best advice- when you start relationships with realtors, lenders, title companies, etc- It's important to listen- but not give them so much trust that you take a back seat in the transaction.

We used one of those legal websites and here is the language we used with repayment specific to our situation.Loan AgreementDated: __________FOR VALUE RECEIVED, the undersigned, NAMES (the "Borrower"), located at ADDRESS, hereby promises to pay to the order of NAMES, (the "Lender"), located at ADDRESS, the principal sum of $XXXX together with annual interest of X% on the principal balance, and in accordance with the terms set forth below.Payment.

What I'm wanting to accomplish may be immoral but I'm looking for a legal way to get my bank to sell my mortgage to a trusted 3rd party.