Whenever you apply for a loan, the credit reporting agencies will give your information out to solicitors.

Hi Hoa,Given the loan amount is less than 100k, HELOC is a more suitable option unless you need more capital.

A 4plex can be done with conventional mortgage, but anything above that will be a commercial loan. 

Always ask about the loan process and what to expect, as some lenders can operate differently than others.

She estimated we could loan up to 500K on a mortgage with 5% down at a 6.8% interest rate. 

Very high interest rates, Easy times to find deals with conventional loans and hard times and recently the housing bubble / crash.  

Hey Joseph, I 100% understand what you're going through.My wife and I used a HELOC, 401(k) loans, and even an additional personal loan to acquire rental properties in Detroit from 2019-2021 ultimately acquiring 12-doors.We paid cash, renovated when necessary but some were also turnkey, and refinanced out on the backend.

Is there an easy way to go about that and what is a reasonable amount to ask back on a 30 or 60 day loan?

If you are looking to tap into equity of an existing rental property, your best bet is either cash out refi using DSCR loan or 2nd equity loan.

The debate can be summarized as: For smaller properties trailing financials have many reasons to be wonky, but many believe it is a good signal of transparency and (as @Ben Leybovich points out) this higher variance is exactly why due diligence on the leases can be more important for smaller properties.Line between "commercial" and "residential" seems to be driven mainly by number of units (i.e. is it eligible for FHA loan), even though many commercial banks will underwrite loans on residential properties with fewer than 5 units (especially at larger loan sizes).Is 7809-7815 Franklin a hot deal?