A bank will View this as a cash flowing business and the appraisal / amount of loan, will be based of future revenues.If you are trying to build a portfolio and leverage this property to purchase others in the future, you may want to consider the commercial loan.

I have built a pretty decent sized rental portfolio of 6 condos, two 3-units, a 2-flat, a 5 unit a 6 unit and an owner occupied 4-flat all in chicago.

And if you're thinking about building a real estate portfolio with multiple units, you might first consider a 3 to 4 unit purchase where you live in one unit and rent a few out. 

The larger the units the better, acquiring portfolios are most efficient.

I would like to invest in Ohio, for instance but need a portfolio lender given the size of the loan(s) (under $40k).  

John wants to de-risk his portfolio, eliminate debt and downsize.

It’s not terrible advise if you read into what I meant .Im just telling the fella where the money is all going .hard to save for that next investment when your giving your profit out to everybody and their brother  wouldn’t you agree .I understand your point ,there’s a scale to the management but if you are just getting into RE sometimes self management helps you bring in more cash flow therefore allowing you to add to your portfolio . 

@Jhanel Wilson Is that for conforming/conventional loans or private/portfolio loans?

Strangely enough there are plenty of multifamily properties and cash flowing portfolios available in the area.

Yup, I run a $50M portfolio.