Most lenders will generally lend on 1-4 units and condos.

Additionally, It is noteworthy that the seller was a member of the HOA board at the time of obtaining this permit, raising questions about the legitimacy of the process.Though I am not currently residing in the apartment, I took the initiative to rectify the flooring issue in cooperation with the HOA, given the significant disturbance experienced by the current residents due to the subpar quality of the previous labor.Furthermore, short after I bought the unit, I discovered an assessment imposed on the condominium, which I was not informed about prior to purchasing the unit.

We have a coin set up for 12 units.

Since they are gone, you have to put together the cost of damages, lost rent and any other cost to get this unit re-rented.

Most DSCR lenders also don't have limits on your overall limit so if you want to buy 10 or 1000 units they can handle that.

We manage about 350 units of multi-family apartments in Norfolk, VA and are constantly measuring data/market trends as it relates to leasing, PM churn, and growth in the area. 

Most lenders will generally lend on 1-4 units and condos.

Planning to occupy one of the units and use the other one as STR.

These statements and others touted in the media are uninformed and show a complete lack of understanding on how the real estate industry operates in the United States.

Hi @Jimmy Alfaro,I invest in commercial multifamily (5+ units) in the Cleveland, OH area.