We did a very thorough inspecition of the property and it needs: New roof, AC, Insulation, Windows, minor electrical issues, new stairwell, main drain replacement and it of course has termites.

Hi,My property is in Atlanta. we have a water main meter(8in) and getting 9000$ permonth for 64units property.

Once you've narrowed your choices down, bring them along to do a stink test on the property.  

Decided I might as well see what the bank says, this was the main thing holding me back previously, the thought that the banks would just dismiss me.

Their main products are a Jumbo product to 90% ltv with no MI, 12 or 24 months bank statements for income instead of tax returns and investor products that go down to a 640 middle credit score. 

It is situated in a B neighborhood on a cul de sac located about 1 mile away from a train station to NYC and half a mile to the main street. 

It is situated in a B neighborhood on a cul de sac located about 1 mile away from a train station to NYC and half a mile to the main street.

My main question here though is whether refinance can be done within 6 months without penalty. 

My main goal is to try and refinance them after 6 months. 

I am looking to make a low down payment (3-5%) and so the obvious choice was FHA.