I got that 150K limit from a successful speaker on the internet that I believed. 

I live in the northland but I am not limiting my scope to just this part of the city. 

If anything goes wrong, then the legal aspect will be limited to you and your partner. 

You can even go beyond that 10 loan limit as long as you are buying your own primary home.

Doubtful, but there might be a clause regarding units that sit vacant for a limit of time. 

There are definitely quite a few people here that will recommend turnkey providers and if you have limited time, don't have any real estate experience and don't want to capture as much equity in your investment from the start this it the way to go.If you want immediate equity the best route is to not buy turnkey and find a property within one of the locations you mentioned, find a good contractor and have them do some of the renovations and you'll have more equity.Definitely do your due diligence when purchasing turnkey as @Brian Ploszay mentioned.

I would imagine commercial lending will just be way more expensive, but perhaps thats the price you have to pay for that "very very limited" protection.

Hi all,I am new to BP and just starting to research how to start becoming a buy and hold investor under extremely limiting circumstances and was hoping the BP community could shed some light on the best financing strategy to use for my first few properties.Current Financial SituationA little background on my current situation: I am 28yrs old working in television in NY ( making roughly 55-60k a year- yes it is brutal) I just bought my first primary home 2 years ago in Williamsburg, BK to lock in how much I’m paying for housing year over year in a place where incomes don’t increase as fast as rental prices (2 bd for 340k (this is an HDFC which is how I got a home for this price in an area where the median price is 1.5 million) ) so obviously my DTI is extremely high at almost 60% with no other debts besides my primary home (I also have a roommate who pays me $900 a month for her room which helps with about half my total monthly housing costs) (had a great mortgage broker that really helped me wiggle in to my first home)I now have about 75-80k in equity in the home and access to a family trust with a similar amount of money in it and was looking for the best way to turn buying an initial first property all cash into the ability to buy more properties( out of state of course- looking at different areas in the country from PA to TX to TN to FL).

Rules recently-ish changed such that the LTV limit for super conforming mortgages is 95/85/80% for 1/2/3-4 units.

Through reading it seems there is a hard limit of 5 loans, but practically you can only get 3 loans.