Ask your attorney and/or banker to verify: Property owned by a business you control is owned by that business, not you.

One of my properties I am doing a cash-out on (its F&C right now) and was on the phone with my local mortgage underwriter at my bank discussing some wrap-up items. During that discussion we got into a discussion r...

And don't let any "stuffy" bankers lie to you and tell you that they won't finance anything under $50,000.

Have you discussed this with your bankers and asked what happens if you can not occupy the units in very short time frame?

Would this affect my ability to get financing for real estate deals in the future or would a banker look at the higher pay as a good thing?

@Jared Ryan I would suggest that you find and talk to a few commercial bankers near you to discuss how commercial loans work.A 10 unit building is a commercial property and whether you put it in an LLC or not you should operate it as a separate business entity.

Completed in 2003, the 12,525-square-foot, four-story residence with six bedrooms and eight bathrooms that sits on nearly a half-acre lot is “an incomparable recreational retreat,” said Tim Smith of Coldwell Banker Realty, the listing agent.

Talk to your current banker to get this set up.

I have been loyal to my little commercial bank and my banker for 20 years.

I live in Farmington Hills, but had some multi units in Pontiac and worked as a mortgage banker at the Fifth Third Bank there on Huron and Johnson.