Brian, I would guess you would need to form a new LLC, to be a Single Purpose Entity (SPE).

I'm interested in both Single Family and Multi-Family homes as long as the numbers make sense, obviously.Can anyone provide suggestions for financing my first deal? 

The moral of the story---Single Family Homes are a dream compared to Class C or D apartments.

10 unit apartment (1bed/1bath all units) vs 10 single family home portfolio (3bed/1bth)

I am analyzing deals as best as I can and if we don't find a duplex that makes sense as a rental around the time we want to move we will definitely consider a single-family home.

I want to get into the market soon and begin with single family homes.

Crap, my lender charging me $500 for a 1100 sqft single family and I thought that was BS. 

"It is understood and agreed that a single violation shall be good cause for termination of the residential lease.

The house it set up as a two over two.Tenants currently in place and would like to stay.Property cash flows nicely and the rents are below market value so there is a value add play there as well.Anyway the title report came back and the property is listed as a single family home and also is CO'd this way.However the property was advertised as a legal two family and the town assessor is currently taxing the property as a two family.Two separate meters as well.Everyone involved including my attorney, agent, etc seem to not have the answers for me.There are no rental permits on the property either which are required in this town.Seems to be a lot of mixed information that has me considering to pull out of the deal.Anyone have any experience with this?

6% means you will be almost fully rented (to me that's too low for a single unit.