In Nj we work with buyers who can up to 15K grant towards downpayment & closing costs, we strictly focus on multifamily that cash flow. 

To believe you can act strictly as a landlord, which would ideally be preferred, is unrealistic to expect.Good luck roomie. 

Are they strictly monthly (or yearly) cash flows?

They seemed to be happy and they nodded in understanding.THE SECOND MONTHSomehow during the second month, when the newness wears off and the happiness falls into a routine, the new Tenants become confused.

In CA where there are more homeless than any other state in the country, I can tell you that the reason for the lack of housing is due to the high cost of permitting, length of time to get through the process in many areas, not enough land zoned for higher density, the strict environmental laws that have all but outlawed new septic systems in outlying areas, a water penalty, required sprinklers in houses, and now coming up in 2020, solar on new homes!

This is a 4plex so it’s valued strictly based on comps and not on income.

There are PLENTY of multi-family homes available in the city, but the rules for tenant's rights are very strict in the city.

I have a strict policy of telling zero of my co workers.

That's not a bad idea but I would have to see what the city laws are on that as I think they might be strict where that is concerned.

They charge 3 points, Total amount loaned would be $340K, fees are just under $22K strictly for the loan.