Every multifamily property 5 units and up will need a commercial loan, and there are several differences vs a residential mortgage:Larger down-payment required - there are programs that lend up to 80% in multifamily (Fannie Mae and Freddie Mac both do this), but with a loan size of less than $1,000,000, it's uncommon.

@Mindy Jensen  Quick question: I listen through Google Play and this week's podcast didn't post on my android device as it usually does.

Most of the horror stories are from owners who rent entire places, because there is no supervision and if left to their own devices, people will do what they can get away with.Even if I'm going out of town, I don't let my guests know.

You can only do conventional cash out refi's up to 6 properties including your primary (i think freddie mac allows 6 for cash out refi's, fannie 4?).   

There's a newer loan product called Home Possible from Freddie Mac, that allows you to put down as little as 3% for a single family or 5% on a 2-4 Unit.

And Summer in the Rockies and Winters here is the mac daddio!

Also of course cams (*outdoor only), decibel monitoring devices, red flag policies for reservationists, ID requirements.. there are many mitigation measures that can be taken if you have the infrastructure for it, so parties just stop happening altogether.

I will be doing this for about a month or so before I move on to the next area.I also would like to mention I have a Mac Book Pro that I use and it has MS Office installed on it also.Any assistance you can give me is greatly appreciated.Shawn

If your loan amount will be over $1MM and the property has an occupancy over 90% then you will qualify for a Freddie Mac loan with 20% down.

I have a Mac using Safari.