If you go 5+ units, then it turns into commercial property, then have to use CAP rate and get variable interest rate.Terry

Is it residential or commercial?

I have been a SFH investor and I am thinking about investing in multifamily (commercial 5+) in the first half of next year.

I am in TX, I want to lock in a commercial property with a private seller, he doesn't want to go the traditional route of selling outright just yet, due to the property having items of value that need to be sold first.

It is a single family home on a property that is zoned commercial.

In as simple of terms as possible, loans break down into conforming/conventional loans governed by freddie and fannie and commercial loans that banks write and hold themselves.

If this is a large condo complex you could do it as 5 vanilla Fannie 30yf loans; if this is a smaller complex or you prefer a single blanket loan, it'll  be a commercial financing scenario... adjustable, 20-25 year term, etc.

It's a mixed use building with 2 commercial spaces on the bottom and 3 small apartments on top.

One day, local municipalities might win the battle to gain access to airbnb data (hosts names, addresses and listing) to get their hands on some of the money.

@Justin Johnson closing cost on a commercial loan is much higher as you will need many inspections to qualify for loan