I am looking to purchase my first residential multi-unit investment property, would prefer a tri-plex or 4-plex, but would be open to more units.

I am concerned about us being pre approved (low credit scores) to purchase a multifamily and do a traditional bank loan, or likely a rehab loan as most of the multi families in our area are in need of updates, and more expensive than a property we could find to Fix and Flip.

I am interested in starting with a owner occupied multi-family property (2 to 5 units) in the south suburbs of Milwaukee WI.

Hi BP family, I have never purchased a Multi-family property before so I'm hoping I can get some advice on, what requirements lenders are needing from me?

I have seen some where you can’t have any unrelated individuals rent, can only rent out once a year, can’t have Commercial vehicles, limit the number of rentals or they only give out so many “rental certificates “, high app fees for them to approve, the list goes on and on.... perform your due diligence 

I work for Redi Carpet (largest multi-family flooring company in US) and I can get materials and labor almost at cost. 

Turn your efforts to multi units if you want descent cash flow at a competitive purchase price.Remember how hard Florida real estate was hit in 2008.

Howdy @Stanci MarchI use Simplisafe on my Small Multi Family properties.  

@Nicole Collins just keep this mind as you search for your Multi-Unit / MF property . . . the  total gross rental income divided by the number of tenants / units = gross rental income per unit.  

@Alex Tobias  for multi-family, I would renegotiate the offer if during due diligence something came up massively unexpected by all parties.