Hi All,Having reached the 10 property limit for FNMA loans, if I refinance four of those properties with a commercial lender taking title under under a newly formed LLC, am I still able to use the positive cashflow of these properties as qualifying income, that is, if I go buy additional four under the conventional underwriting?

I'd only use private money in the beginning of my investing career if they can beat conventional lenders rates.

@Will Corral just find cash buyers that want rentals in the Cleveland markets , Connect with someone that has done 100s and 100s and 100s there and provides double digit net caps, 100% hands off, They will pay you a referral fee, GOOD LUCK 

5% down, conventional primary residence loan.

I will let you know most of my clients are able to use low money down conventional loans in your circumstance but a major requirement will be how much equity you have in your existing duplex. 

I lost out on a 4-unit building with a conventional financing offer.

Deal financed using a low money down conventional owner occupied loan that was offered by a local bank.

@Beth Zetzman I agree with @Jordan Moorhead you should focus on using private or hard money for the purchase, complete the rehab, then refinance into a conventional loan when the property is in updated condition.

If you consider house hacking, you can get into the property with a FHA 3.5% down loan or a 3-5% conventional for first time homebuyers.

EDITWe have our rentals' conventional mortgages separately that way we don't tie a lot of debt together.