This is also expensive and can not be done with conventional financing.

Purchase price: $127,000Cash invested: $48,848 (conventional loan @ 75% LTV + ~$13k rehab)What made you interested in investing in this type of deal?

If you were looking to purchase a small multifamily under 500k, how different does the rate / term look today on a 4 unit conventional vs a 5 unit commercial loan.Context: I just sold a property and now looking to purchase a new one via 1031 exchange.

It's also about 1-mile from the Convention Center and Broadway at the Beach.

conventional 30 year loan through a local bank that is exclusive to the resort How did you add value to the deal?

It has appreciated enough that I am refinancing into a conventional.

Questions / Notes:- Will I have any issues getting and closing with a conventional loan here? 

I can qualify for a conventional loan, this offer is just listed ONLY for owner financing. 

My plan is to divide the lot, which shouldn't be an issue based on my conversation with the township, and then cash out refi each property with conventional 30 year financing.

It offers a few other ideas like the following: The Conventional 97 loan:Loan size may not exceed $510,400, even if the home is in a high-cost market.The subject property must be a single-unit dwelling.