:P And here's why you can find your HELOC by looking for places NOT advertising 1st position 30yf mortgages [it's related to COVID-19, of course]:To be blunt/crass, a lot of the banks that did both HELOCs and 1st position have taken note that Uncle Sam is still paying a substantially higher profit margin than is normal for a 30yf 1st position mortgage (the "bond buying program," if you want to google).

@Jessica HuynhWith FHA, you also have the ‘self sufficiency test’ for 3 & 4 plexes which is an additional hurdle that most can’t get over in higher priced markets.75% of the entire rental income must cover PITI, which is why a lot of multiplexes don’t qualify for FHA loans without a bigger down payment.The only way to get 10% down programs will be with local credit unions and community banks that offer portfolio/ ‘in house’ loans for owner-occupied plexes.

There are also more favorable loan programs with low-money down, down payment assistance, and no PMI.You can eventually scale into MF stuff but it is the most competitive product and might only be worth it if you are syndicating and have investors who require a lower yield.My townhome units have a way better yield than any multi-family units I have seen.

I think it’s like 20% off for the lifetime of your membership or something.

I am currently in the interdisciplinary program with minors in coaching and sports administration.

That's really difficult when you're just starting out.What's not so difficult is having acceptable credit, and in this economy, that makes another solution viable.Get a credit card with a high balance and no membership fee and do not use it.

We did some research on what multifamily mentorship programs had a good track record and joined one we really love! 

Yes, FHA does have the 203k program but, unless you find yourself a desperate seller, most aren't going to wait around 60 days. 

I found one that have a membership fee of around $150 a year for two people.

Hello BP Community,
The next step for me is to become a Pro member.
Goal - Network with professionals that are experienced with: Buy and Hold, Buy and Sell of single-family, duplex (2,3,4 unit).
Background - 41 yea...