house hacking is a powerful way to get started.

It’s a sales pitch for you to invest with them at extremely lucrative rates for them.

You can try to make it part of the inspection amendment, that's the last time you have some negotiation power.

I think they are just an extremely conservative bank and that is their interpretation of Fannie's guidelines.I have already gotten approved from some other banks (credit unions), so I'm not worried, but I am curious if anyone else has run into a bank telling them they need at least a 20% down payment on 3-4 units, regardless of it being FHA or not.

You can get more insights from other brokers that way you have more open spaces and still hold on to the power. 

You all have been extremely thorough and helpful.

If you plan on buying these properties using a mortgage its also best to begin the pre approval process and work with an investor friendly lender to help guide and educate you what the best product might be for your projects to make sure you dont already max out your borrowing power after the first deal.

I have meetings with my lawyer to discuss partnership contract and acct for the financial piece.Since this is extremely new, I am building a team of a contractor, broker, loan officer, accountant, Lawyer and investors. 

Of course we just had a few hurricanes, but that doesn’t make it extremely difficult to get insurance.

The power of leverage is one of the main benefits that distinguishes RE from other investment choices, and the refi is where real wealth is made.