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For example, if the multifamily has positive cashflow it will also fit for a condo conversion. 

Article can be found herehttps://www.eastbayexpress.com/SevenDays/archives/...The City Council Minutes from the meeting can typically be found here, though for this particular meeting, on the 17th, have not been made available yethttps://oakland.legistar.com/calendar.aspxI wanted to help bring some attention to this as house-hacking is such a huge conversation here on BP and was the only way I found that I could feasibly invest here in the Bay Area.  

My efforts did not go unnoticed and to my surprise I was able to find a private party lender to back my investment. 

Also, all of these fees must be disclosed in the legal document  (PPM = private placement memorandum) shared with the investors that are signing up for the investment.If you'd like more clarification, feel free to PM me.Best of luck!

He is a private lender with rates ranging from 5-7% ???

Most people people are doing small flips or small multifamily investing, and are doing deals with their own capital or a conventional mortgage (Not using private money). 

Another option would be to get private funding thru a family member / friend and they can place a 2nd lein on your duplex as collateral. 

This type of loan is very popular with the private equity debt funds.

The type of debt and the ratio to asset value is key to me.If your debt is hard money, private, commercial with balloons, calls and rate adjusts?