Investment Info:Large multi-family (5+ units) buy & hold investment.

Unfortunately, as a lender I find most people only look to buy when they absolutely have to, often it's when they have a growing family and don't want to rent out other rooms, or live in a one unit of a mult-family unit.

They must have a voucher for your size unit. 

To begin with and develop confidence, start small by beginning with a single rental property or a modest multi-unit property.To choose the ideal property kinds for your investment goals and risk tolerance, do in-depth market research to uncover attractive investment markets and examine local market trends.

My wife and I own a duplex in Missouri and live in NC and are hoping to get another unit out here.

This criteria is for 1-4 and 5-8 unit programs.

Have you considered renting units without purchasing for your business?

With interest rates at a steady increase, typically investors in Multi units are looking at 8-11% interest on conventional, commercial, and PML options.

From there, you can see if you can afford a 2-4 unit property in the areas you want to target.

Recording it will require you to pay off the loan in entirety in most cases unless the new bank is willing to allow the remainder of your private note to subordinate in 2nd position which most national banks do not allow.